Cairo – Officials from Egypt and Greece have held discussions on enhancing bilateral economic cooperation, focusing on investment climate and mutual opportunities for growth. Eng. Mohamed El-Gueshqi, Assistant Minister of Investment and Foreign Trade for Planning, Development, and Digital Transformation, met with Greek Deputy Foreign Minister Haris Theoharis and his delegation to review key areas of potential collaboration. n nAccording to a ministry statement released Wednesday, El-Gueshqi emphasized the Egyptian government’s firm commitment to its comprehensive economic reform agenda, aimed at creating a stable and attractive environment for investors. He highlighted Egypt’s growing reputation as a leading investment destination across Africa. n nHe noted that empowering the private sector remains central to national economic strategy, with recent measures introduced to facilitate foreign capital inflows. These include offering diverse incentives, streamlining customs clearance, and improving cross-border trade efficiency. n nEl-Gueshqi encouraged Greek investors to leverage Egypt’s competitive advantages, particularly in renewable energy and electricity interconnection. Egypt aims to generate 42% of its power from renewable sources by 2030 and views cross-border power links as crucial for exporting clean energy to Europe. Other promising sectors include seawater desalination and agriculture. n nGreek investments in desalination projects were welcomed, especially those supporting agricultural expansion such as olive cultivation, aquaculture, and agro-processing. n nBoth sides also identified maritime transport and logistics as areas of shared interest. Egypt could benefit from Greece’s expertise in port management to strengthen its position as a global trade hub. n nThe meeting concluded with mutual optimism about turning strategic alignment into tangible projects that foster economic prosperity for both nations. n— news from Information Direct n
— News Original —nEgypt and Greece Discuss Enhancing Economic Cooperation Between the Two Countriesn nCairo- Direct: Engineer Mohamed El-Jousqi, Assistant Minister of Investment and Foreign Trade for Planning, Development and Digital Transformation, discussed with Haris Theoharis, Greek Deputy Foreign Minister, and his accompanying delegation, the features of Egypt’s investment climate and promising opportunities to enhance economic cooperation between the two countries. n nAccording to a ministry statement on Wednesday, El-Jousqi affirmed during the meeting the government’s full commitment to continuing the implementation of a comprehensive economic reform program to provide a stable and attractive investment environment, noting that Egypt has succeeded in maintaining its position as a major investment destination in Africa. n nEl-Jousqi explained that empowering the private sector is a fundamental pillar in Egypt’s national strategy, aiming to increase its contribution to the national economy, pointing to a set of measures taken to facilitate the entry of foreign investments, including offering various incentives and accelerating customs clearance and cross-border trade. n nEl-Jousqi invited the Greek side to exploit the competitive advantages enjoyed by Egypt, especially in sectors aligned with the shared strategic vision, including renewable energy and electrical interconnection, where Egypt aims to increase the share of renewable energy to 42% by 2030, focusing on the electrical interconnection project as a vital step to export clean energy to Europe, as well as the water desalination and agriculture sectors. n nAccording to the statement, Greek investments in essential desalination projects necessary for agricultural expansion were welcomed, particularly in olive farming, fisheries, and agricultural processing. n nSectors of mutual interest also included maritime transport and logistics, where Egypt can benefit from Greek expertise in port management to enhance Egypt’s position as a global commercial center. n nBoth sides affirmed their hope to translate this shared vision into concrete projects that achieve economic prosperity for both countries.