Egypt, Saudi Arabia sign MoU to exchange road expertise    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    URGENT: Egypt's annual core CPI inflation rises to 12.1% in October — CBE    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Egypt's private medical insurance tops EGP 13b amid regulatory reforms – EHA chair    Egypt to issue EGP 6b in floating-rate T-bonds    Egypt, Qatar intensify coordination as Gaza crisis worsens    Egypt, US's Merit explore local production of medical supplies, export expansion    Egypt, WHO discuss joint plans to support crisis-affected health sectors    Arabia Developments, ElSewedy join forces to launch industrial zone in New 6th of October City    Germany, Egypt sign €50m debt swap for renewable energy grid connection    Government to channel major share of Qatar deal proceeds toward debt reduction: Finance Minister    400 children with disabilities take part in 'Their Right to Joy' marathon    Egypt's Foreign Minister discusses Gaza, Sudan with Russian counterpart    Russia's Putin appoints new deputy defence minister in security shake-up    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt, Albania discuss expanding healthcare cooperation    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Hungary, Egypt strengthen ties as Orbán anticipates Sisi's 2026 visit    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Egypt establishes high-level committee, insurance fund to address medical errors    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Syria releases preliminary results of first post-Assad parliament vote    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    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    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Belgian Prince rounds up Egypt business trip
Published in Daily News Egypt on 29 - 05 - 2008

CAIRO: It has been just over a century since the Belgian Edouard Empain, a part-time Egyptologist and full-time capitalist, broke ground on the sprawling avenues of modern Heliopolis. Since then, the fortunes of foreign entrepreneurs here have followed an erratic path, from the nadir of Nasser-era nationalism to today's scramble for foreign cash.
Last week, the Baron's legacy was once again cast as a testament to a prosperous history shared by Egypt and his small home country, as the Egyptian Belgian Business Association hosted a four-day trade tour here earlier this week.
Swift economic growth and an increasingly foreigner-friendly business climate inspired the delegation, which included about one hundred businesspeople and nearly 30 political officials headed by Philippe Marie, Prince of Belgium, and Vincent Van Quickenborne, the 35-year-old Belgian Minister of Economy and "Administrative Simplification.
The Belgian chiefs mingled with a range of Egyptian top brass, including the ministers of transport, trade, petroleum, investment and the governors of Alexandria and Cairo.
"They really are a business government, Belgian organizer Hendrik Van de Velde said of Prime Minister Ahmed Nazif's administration. "You can feel it.
Most trade deals between the two states fall in the realms of engineering, oil and gas, Van de Velde said. Belgian companies, which are generally small and innovation-driven, often support larger firms with technology in areas like pipeline connection and "dredging, a process by which waterways are scraped or sucked free of sediments.
Several companies came to promote their expertise in public transport, though no current deals between Egypt and Belgium exist.
"We prefer to open doors and let businessmen do their work, said Van de Velde. "That's what we call economic diplomacy.
A daytrip to Alexandria saw the mission visit a handful of Egyptian and Belgian port authorities, Oriental Weavers, which uses Belgian-made machines, and Schréder, a Belgian public lighting company known for its work on Rome's Coliseum and Paris's Champs-Elysées.
Along the way, three Egyptian businesspeople were promoted or inducted into the Belgian royal order: Farid Khamis of Oriental Weavers, Onsi Sawiris of Orascom and Hosna Rachid, head of Unilever Egypt.
Prince Philippe heads four such delegations each year, Van de Velde said.
Earlier this year, a Belgian mission visited Vancouver and Seattle; trips to Argentina and Uruguay in October and Singapore and Indonesia in November will follow.
Belgium has not sponsored a trade tour of Egypt in nearly a decade. They decided to come this year in part because Egypt was named one of the "Next 11 growing markets by Goldman Sachs investment bank in 2005.
"It's the moment to be here, Van de Velde said.


Clic here to read the story from its source.