Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, met with India's Ambassador to Cairo, Suresh K. Reddy, to discuss ways of strengthening economic cooperation between the two countries and to review promising investment opportunities in the fields of industry and transport. The meeting formed part of ongoing efforts by the Ministries of Industry and Transport to support the national economy and expand Egypt's international economic partnerships, particularly in light of the country's improving investment climate. Opening the talks, Al-Wazir reaffirmed Egypt's openness to foreign companies seeking to invest, including Indian firms with serious interest in industrial and investment projects—especially in renewable energy, infrastructure, and manufacturing. Ambassador Reddy highlighted Egypt's strategic position as a gateway to Africa and Europe, describing its economy as dynamic and offering vast opportunities for Indian companies to expand. He noted that Indian companies already operating in Egypt have investments worth $3.5bn and are pursuing expansion in several sectors, most notably industry, logistics, ports, and renewable energy. The discussions also addressed the positive measures taken by the Egyptian government to support the industrial sector and facilitate investment. The Ambassador stressed that Indian companies operating in Egypt have commended these efforts, particularly the mechanisms adopted to swiftly resolve challenges faced by investors. He added that Indian businesses are keen to inject new investments, establish additional factories, and use Egypt as a base to access European markets. In response, Al-Wazir welcomed Egyptian and foreign companies alike, inviting investors to meet with him directly to present proposals and requests. The Ambassador also conveyed his government's anticipation of hosting Al-Wazir in India to meet with senior officials, hold talks with leading Indian companies, and participate in major business forums showcasing Egypt's industrial and investment opportunities. Concluding the meeting, Al-Wazir invited the Ambassador and Indian investors to attend the "Industry and Transport Together for Sustainable Development" exhibition scheduled for November 2025. He underlined that Egypt remains open to all serious investment, noting that strengthening industrial cooperation with India is a strategic priority that aligns with Egypt's vision to become a regional industrial hub, boost the national economy, and enhance its competitiveness regionally and internationally—creating opportunities for growth and joint investment that benefit both countries.
