Egypt's Minister of Industry and Transport Kamel El-Wazir met on Tuesday with Indian Ambassador to Cairo Suresh K. Reddy to explore future economic cooperation and investment opportunities in the industrial and transport sectors, according to a ministry statement. El-Wazir emphasised welcoming foreign investors, including serious Indian companies, to participate in industrial and investment projects, particularly in renewable energy, infrastructure, and manufacturing. Reddy called Egypt a strategic gateway to Africa and Europe, noting $3.5 billion in existing Indian investments in Egypt and plans to expand in industry, logistics, ports, and renewable energy, the report added. He also praised the Egyptian government's initiatives to support investors and confront challenges promptly, adding that Indian companies are keen to establish new factories in Egypt and use them as a springboard to the European market. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
