EGX closes in green area on 29 Dec    Precious metals dip on Monday    Oil prices rise on Monday    Japan provides EGP 1bn grant to Egypt for Suez Canal diving support vessel    Gold prices rise by EGP 265 over past week    Egypt's food industry exports exceed $6.3bn in 11M 2025    Netanyahu to meet Trump for Gaza Phase 2 talks amid US frustration over delays    Egyptian, Norwegian FMs call for Gaza ceasefire stability, transition to Trump plan phase two    Egypt leads regional condemnation of Israel's recognition of breakaway Somaliland    Health Ministry, Veterinarians' Syndicate discuss training, law amendments, veterinary drugs    Egypt completes restoration of 43 historical agreements, 13 maps for Foreign Ministry archive    Egypt, Spain discuss cooperation on migration health, rare diseases    Egypt's "Decent Life" initiative targets EGP 4.7bn investment for sewage, health in Al-Saff and Atfih    Egypt, Viatris sign MoU to expand presidential mental health initiative    Egypt sends medical convoy, supplies to Sudan to support healthcare sector    Egypt's PM reviews rollout of second phase of universal health insurance scheme    Egypt sends 15th urgent aid convoy to Gaza in cooperation with Catholic Relief Services    Al-Sisi: Egypt seeks binding Nile agreement with Ethiopia    Egyptian-built dam in Tanzania is model for Nile cooperation, says Foreign Minister    Egypt flags red lines, urges Sudan unity, civilian protection    Al-Sisi affirms support for Sudan's sovereignty and calls for accountability over conflict crimes    Egypt unveils restored colossal statues of King Amenhotep III at Luxor mortuary temple    Egyptian Golf Federation appoints Stuart Clayton as technical director    4th Egyptian Women Summit kicks off with focus on STEM, AI    UNESCO adds Egyptian Koshari to intangible cultural heritage list    UNESCO adds Egypt's national dish Koshary to intangible cultural heritage list    Egypt recovers two ancient artefacts from Belgium    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Australia returns 17 rare ancient Egyptian artefacts    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches Red Sea Open to boost tourism, international profile    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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President Sisi opens German-Egyptian Economic Forum in Germany
Published in Albawaba on 12 - 06 - 2017

Berlin - The Egyptian head of state is in the German capital for the G20 Africa Partnership conference on 12-13 June.
Sisi's trip to Berlin will give 'fresh boost' to bilateral relations: Egypt envoy
Egypt's Sisi in Berlin Monday for G20, Africa conference
Egypt's President Abdel-Fattah El-Sisi delivered the opening speech at the German-Egyptian Economic Forum in Berlin on Monday, highlighting the range of investment opportunities in Egypt with a view to encouraging further investment in the nation's economy.
Inaugurating the forum, El-Sisi reviewed a range of large-scale development projects conducted by the state, such as the Suez Canal Area Development Project and the construction of a new administrative capital city.
El-Sisi is in Berlin to participate in the G20 Africa Partnership conference on 12-13 June, which focuses on business and investment opportunties in Africa, with the participation of the World Bank and the International Monetary Fund, as well as several African heads of state.
The Egyptian president is set to meet with German Chancellor Angela Merkel later on Monday on the sidelines of her talks with African leaders.
During the G20 conference, El-Sisi is due to deliver a speech about the challenges facing African countries. He will also take part in a panel discussion hosted by Merkel on private investment in infrastructure and partnerships between the private and public sectors.
Egypt and Germany have strengthened economic and political ties over the past few years.
Last November, the first German passenger flight arrived at Sharm El-Sheikh airport, putting an end to the European country's one-year travel ban to the Red Sea resort city after a Russian passenger plane was brought down by a terrorist bomb in Sinai in 2015.
In 2015, German company Siemens signed an eight billion euro ($9.05 billion) deal with Egypt to build gas and wind-power plants.
Germany has also begun supplying Egypt with submarines, in 2016 delivering a submarine built by ThyssenKrupp Marine Systems. Two more submarines destined for Egypt are currently under construction.
Bilateral trade amounted to approximately 5.6 billion euro in 2016, a 10 percent rise from 2015. German investment in Egypt up to January this year stood at nearly $620 million.


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