Minister of Industry Khaled Hashem has reaffirmed the ministry’s commitment to positioning Egypt as a regional manufacturing and export hub, highlighting the government’s investment incentives and strategic location as key advantages for attracting European industrial investments.
Hashem held talks on Monday with the Greek Ambassador to Egypt Nikolaos Papageorgiou on opportunities to further expand industrial co-operation between the two countries.
The discussions focused on encouraging Greek companies to establish Egypt as a regional production base and export platform serving African and neighbouring markets, the ministry said in a statement.
It added that both sides explored co-operation in pharmaceuticals, engineering industries, petrochemicals, clean energy projects and industrial capacity building, while reviewing the success of Greek investments already operating in Egypt as a means of attracting further industrial investment.
Hashem further explained that the ministry’s strategy is centred on increasing industrial production to meet domestic demand while strengthening Egypt’s position as a regional manufacturing and export centre.
He also noted that the ministry is working on two parallel tracks; namely supporting existing investors by addressing challenges and improving the business environment, alongside attracting new investments.
He added that the strong performance and profitability achieved by foreign companies in Egypt demonstrate the market’s significant potential and provide a compelling incentive for additional investment.
For his part, Ambassador Nikolaos Papageorgiou said political relations between Egypt and Greece have reached an unprecedented level, expressing his country’s aspiration to deepen economic and industrial cooperation accordingly.
He described Egypt as an ideal destination for Greek companies, citing its stability, advanced infrastructure, skilled workforce and strategic access to African and regional markets, while noting that Greece serves as Egypt’s gateway to Europe.
The ambassador also highlighted the success of Greek investments in Egypt, including Titan Cement, Coca-Cola Hellenic and Alumil, as well as projects in ship waste treatment in the Suez Canal and advanced medical equipment, stressing that these successful models will encourage further joint investments.
