FM says Egypt seeks to scale up New Zealand's investments in SCZone



Wed, 20 Sep 2023 - 09:35 GMT


Wed, 20 Sep 2023 - 09:35 GMT

CAIRO – 20 September 2023: Foreign Minister Sameh Shoukry said Egypt seeks to scale up the volume of New Zealand's investments, particularly in the Suez Canal Economic Zone (SCZone), taking into account legislative incentives and positive developments in the investment environment in Egypt.

Shoukry added "We are ready for offering ways of support and facilitations."

That was appreciated by New Zealand's Foreign Minister Nanaia Mahuta, who met with the Egyptian foreign minister Tuesday on the sidelines of the high-level segment of the 78th Session of the United Nations General Assembly (UNGA) in New York city.

Spokesman for the Foreign Minister Ahmed Abu-Zeid said that Shoukry pointed out during the meeting that Egypt is looking forward to hosting the sixth round of the political consultation mechanism between the two countries as soon as possible.

He thanked his counterpart in New Zealand for recently restoring a number of smuggled artifacts.

Shoukry asserted the Egyptian government's greater interest in boosting economic cooperation with New Zealand and promoting the volume of trade exchange.

In turn, Mahuta commended joint relations between Egypt and New Zealand, saying her country wants to foster such bonds.

She said she is eager to visit Egypt soon to probe ways of achieving such rapprochement to serve the interests of both nations.

She hailed the important role of Egypt in presiding over COP27 and said New Zealand seeks to cooperate with Egypt to render COP28 positive outcomes in world climate action.

Mahuta, meanwhile, was keen on being posted on the foreign minister's viewpoint on the Egyptian efforts to attain truce between the Palestinians and Israelis and encourage both parties to resume peacemaking.

The spokesman added the two ministers exchanged viewpoints about a number of regional and international files of mutual concern, with special focus on the Palestinian cause.

Shoukry said Egypt is appreciating the utmost interest of New Zealand in issues of the region.





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