Investment minister in talks with Greek delegation over economic cooperation

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Wed, 06 Mar 2019 - 09:51 GMT

Investment and International Cooperation Minister Sahar Nasr talks during an interview with Reuters in Cairo, Egypt June 21, 2017 - REUTERS/Mohamed Abd El Ghany

Investment and International Cooperation Minister Sahar Nasr talks during an interview with Reuters in Cairo, Egypt June 21, 2017 - REUTERS/Mohamed Abd El Ghany

CAIRO, March 6 (MENA) - Investment and International Cooperation Minister Sahar Nasr discussed on Wednesday with a Greek delegation the investment climate in Egypt and the package of reforms adopted by the government to provide an investment-magnet environment.

Nasr briefed the delegation on available investment opportunities, including Suez Canal Development Corridor, New Administrative Capital and New Alamein City.

She called on the delegation, led by Greek Deputy Economy Minister Efstratios Giannakidis, to increase Greek investments in Egypt, now estimated at 150 million dollars mainly centered in industrial and services sector.

There are 199 Greek companies operating on the Egyptian market.

Nasr said the volume of Greek investments in Egypt does not level up to strategic relations binding the two countries.

The Greek official said the delegation's visit aims at enhancing economic cooperation through encouraging Greek companies operating in Egypt to increase their investments.

The Greek delegation includes representatives of Greek companies operating in chemical, engineering and textile industries, foodstuff, wood, construction, medical supplies and information technology.

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