Egypt's Minister of Investment and Foreign Trade, Hassan El Khateeb, met with Spain's Economy Minister Carlos Cuervo to explore ways to strengthen economic relations and increase bilateral trade and investment. The meeting took place on the sidelines of El Khateeb's official visit to Spain, as reported by the Egyptian Cabinet. Discussions focused on enhancing investment cooperation in key sectors, including energy, infrastructure, technology, manufacturing, textiles, agriculture, food processing, and transport. El Khateeb highlighted Egypt's competitive investment costs, strategic location near European markets, and strong trade ties with the EU. He also pointed to Egypt's trade agreements, particularly the Egypt-EU Partnership Agreement, which grants tariff-free access to various global markets, making Egypt an attractive hub for Spanish companies seeking competitive export destinations. El Khateeb outlined recent fiscal and monetary reforms, noting their expected positive impact on economic growth. He also detailed government efforts to transfer state-owned assets to Egypt's sovereign fund to enhance investment efficiency. The meeting further focused on renewable energy, with El Khateeb highlighting opportunities in solar and wind energy projects, presenting promising avenues for Spanish investment in Egypt's green energy sector. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
