German flow of investments to Egypt skyrockets

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Thu, 14 Feb 2019 - 09:35 GMT

BY

Thu, 14 Feb 2019 - 09:35 GMT

 Dietmar Woidke, the vice- president of the Landtag Brandenburg

Dietmar Woidke, the vice- president of the Landtag Brandenburg

CAIRO – 14 February 2019: “The Egyptian- German relationship is getting much better. The numerous official German visits to Egypt reflect the Egyptian political stability,” Vice- President of the Landtag Brandenburg Dietmar Woidke assured.

Woidke elaborated that the existence of Siemens, the German conglomerate company, in Egypt encourages other companies to invest in the country amid the great progress achieved in infrastructure and energy projects and prevailed stability.

The vice-president of the Landtag Brandenbrg stated that a German delegation, including a set of German companies and entrepreneurships, is set to visit Egypt February 22 to discuss possible investment opportunities and propose new ideas for investment such as recycling and industrial stone - a German technology set to be transferred to Egypt.

The industrial stone is a 5-millimeter stone made of sand. It is designed to be so firm to be used in constructing buildings and houses.

Regarding the German parties’ stance toward the political and economic changes in Egypt, Woidke stressed that the German view has positively changed and that the Democratic Party is the most cooperative German party with Egypt. Meanwhile, the Greens and the German Communist parties are not engaged in investments yet.

“Those two parties specifically have lots of clashes with the Germans themselves; they are trouble makers,” Woidke explained.

“Personally, I have joined the Christian Democratic Party headed by Angella Merkel, the chancellor of Germany, 25 years ago. I visit Egypt regularly. As long as the Egyptians accept the current leadership and its policy, the whole world has to respect their views and this is the democracy that we all call for,” the vice-president stated.

Woidke added that Egyptians understand the period they are going through, so they cooperate and unite in order to overcome all obstacles and achieve long-term progress and prosperity. "Thus, we all have to praise and support them."

“We exchange visits and meetings with the Egyptian officials, as fixed arrangements and appointments will strengthen our bilateral relationships,” Woidke further assured.

The vice-president of the Landtag Brandenburg lauded Egypt's role in combating terrorism and illegal immigration as well as in backing refugees, referring that his country embraces about 1 million Syrian refugees.

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