PARIS- Egyptian Prime Minister Moustafa Madbouli lauded the political, economic and social ties between Egypt and France in addition to the distinguished relations between Egyptian President Abdel Fattah El Sisi and French President Emmanuel Macron.
This came during Madbouli’s meeting on Monday with heads and representatives of a group of major French companies in Paris.
The meeting was attended by Electricity Minister Mohamed Shaker, Planning Minister Hala el-Saeed, Finance Minister Mohamed Maeet, International Co-operation Minister Rania al-Mashat, Communication Minister Amr Talaat, Trade and Industry Minister Niven Gamea and Egypt’s Ambassador in Paris Alaa Youssef.
Madbouli lauded the French support to and co-operation with Egypt in several fields and projects especially in the fields of transport, housing, electricity and energy.
He said the companies operating in Egypt succeeded in the Egyptian market, adding that the Egyptian government is looking forward to increasing the investment of these companies in the coming period.
Egypt took difficult measures to maintain economic stability in the face of coronavirus repercussions, he said.
Egypt is looking forward to achieving growth rates between 5.5 per cent to 7 per cent within the three coming years reflecting the abilities of the Egyptian economy and its promising potentials, he said.
He pointed out to the importance given by the government to the field of water management and desalination in light of water scarcity in Egypt and its keenness to implement huge projects using clean energy to secure the needs of the future, adding that Egypt is keen on co-operating with France in this field to guarantee localising the industry and transferring technology.
For their part, the heads and representatives of the French companies reviewed the development of their current projects in Egypt and their plans for future expansions, lauding the business atmosphere in Egypt.
Meanwhile, the Egyptian minister reviewed the current and future co-operation files with France in the fields of electricity, communication and development finance.