Minister of Investment and Foreign Trade Mohamed Farid Saleh has reaffirmed Egypt’s commitment to boosting industrial and investment co-operation with Belarus, focusing on technology transfer, localisation of manufacturing expertise, and expanding joint production projects serving regional markets.
The remarks came during a series of meetings and field visits conducted by the minister in Minsk, where he chaired the Egyptian- Belarusian Joint Committee.
The minister also held discussions with officials of the Minsk Tractor Works (MTZ), MAZ Trucks and Buses, Oleonafta Holding, Mareven Food, and AMKODOR, to explore new opportunities for bilateral industrial co-operation and investment partnerships.
Egypt seeks to diversify imports while increasing local manufacturing capacity through co-operation with leading Belarusian companies, Minister Saleg stated.
The discussions addressed launching a joint investment study with MTZ to support localisation of agricultural tractor production in Egypt using a significant local workforce, while positioning Egypt as a manufacturing and export hub for Middle Eastern and African markets through its extensive free trade agreements, he explained.
“We aim for Egypt to become a major logistics hub for spare parts supply and re-export activities.
This will contribute to reducing import costs, preserving foreign currency resources, and creating new employment opportunities,” Saleh added.
During the visit, the minister toured the facilities of MTZ and reviewed advanced production lines for tractors ranging from 80 to 350 horsepower, as well as the MAZ complex for trucks, buses, and trailers.He also visited Minsk Dairy Plant No. 1 to discuss a proposed joint venture for powdered milk and infant formula production in Egypt.
For his part, General Director of Minsk Tractor Works Sergey Averin praised the longstanding relations with Egypt and expressed interest in establishing joint manufacturing operations targeting African markets.
