A significant step toward deepening bilateral economic relations took place in Cairo with a high-level meeting between the Egyptian-Canadian Business Council (CEBC) and Egypt’s Ministry of Foreign Affairs, represented by its North America, Canada, and Latin America sector. The discussions laid out a strategic roadmap to enhance trade and investment cooperation between the two nations. n nLed by Eng. Moustafa Raslan, Chairman of the CEBC, alongside Ambassador Dr. Samih Abou El-Einen, Assistant Foreign Minister for American Affairs, and Ambassador Khaled Azmy, the incoming head of the sector, the meeting focused on removing barriers to Canadian investment in Egypt and expanding Egyptian exports to Canada. Participants emphasized leveraging each country’s comparative advantages to build mutually beneficial economic linkages. n nEng. Sherif El-Gabaly, Chairman of the Chemical Industries Chamber, stressed the importance of structuring collaboration around clear workstreams to ensure tangible outcomes. Key areas identified include boosting bilateral trade volumes and enhancing technical cooperation, particularly in vital sectors where Canadian expertise can support Egypt’s industrial development. n nNotably, Mr. El-Alaily highlighted the potential for increased Canadian investment through family-owned enterprises, which represent a significant portion of Canada’s private sector. These businesses could play a pivotal role in joint ventures, especially in infrastructure and manufacturing. n nEgypt’s strategic geographic position was also underscored as a major advantage, positioning the country as a regional hub for Canadian firms aiming to access markets in Africa and the Middle East. This gateway function enhances Egypt’s appeal as a destination for foreign capital. n nThe meeting concluded with a concrete action plan, including organizing reciprocal high-level trade missions. A major upcoming visit will feature Canada’s Chief Trade Commissioner, Sarah Welcho, leading a delegation of top Canadian companies to Egypt. Additionally, the CEBC will coordinate site visits and project showcases for interested investors. n nFurther initiatives include strengthening parliamentary and academic exchanges, with invitations extended to Canadian lawmakers to visit Egypt and explore collaborative frameworks. This renewed momentum reflects a shared commitment to transform strategic goals into measurable economic achievements. n
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Egypt and Canada… A new investment partnership to strengthen economic cooperation
In a step reflecting a strong commitment to enhancing bilateral economic ties, an important meeting took place in Cairo between the Egyptian-Canadian Business Council (CEBC) and the Egyptian Ministry of Foreign Affairs, represented by the North America, Canada, and Latin America sector, aiming to chart an ambitious roadmap to deepen trade and investment cooperation between the two countries. n nThe meeting was chaired by Engineer Moustafa Raslan, Chairman of the Egyptian-Canadian Business Council, and Ambassador Dr. Samih Abou El-Einen, Assistant Minister of Foreign Affairs for American Affairs, and Ambassador Khaled Azmy, who is preparing to take over the position from Abou El-Einen. Discussions focused on how to facilitate Canadian investments in Egypt, increase Egyptian exports to the Canadian market, and leverage the strengths of both countries. n nEngineer Sherif El-Gibly, Chairman of the Chemical Industries Chamber, emphasized the importance of dividing cooperation into clear workstreams to ensure tangible results, including: n nTrade and investment: working to expand the volume of trade between the two countries. n nTechnical cooperation and technology transfer: leveraging advanced Canadian expertise in vital sectors. n nMr. El-Alaily also pointed to significant opportunities to increase Canadian investments, particularly through family businesses (Family Business). n nDiscussions also included Egypt’s role as a strategic regional hub, making it an ideal gateway for Canadian companies seeking access to African and Middle Eastern markets, thereby enhancing Egypt’s attractiveness as a major investment destination. n nThe meeting concluded with an agreement on a clear action plan, including: n nTrade missions: organizing reciprocal visits for high-level business delegations, most notably an upcoming visit to Egypt led by Canada’s Chief Trade Commissioner, Sarah Welcho, and a delegation including major Canadian companies. n nFacilitating projects: The Egyptian-Canadian Business Council in Egypt will coordinate with the Canadian side to identify available projects and organize field visits for interested delegations. n nParliamentary and academic ties: inviting Canadian parliamentarians to visit Egypt to enhance cooperation.