Egypt's Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, met with Morocco's Ambassador to Cairo, Mohamed Ait Ouali, to discuss strengthening industrial, investment, and transport cooperation between the two countries. Al-Wazir affirmed that Egyptian-Moroccan relations serve as a model for Arab and African integration, praising Morocco's experience in the automotive and aerospace sectors. The ambassador expressed Morocco's desire to deepen bilateral ties and explore new investment opportunities.
The meeting began with Al-Wazir affirming that Egyptian-Moroccan relations serve as a model for Arab and African integration, noting that Egypt views Morocco's experience in the automotive industry as a successful and commendable example. He added that cooperation in this field could open new horizons for both countries through the exchange of industrial and technological expertise, leveraging Morocco's industrial growth and ecosystem evolution to enhance local supply chains and facilitate the transfer of knowledge and technology.
Al-Wazir also praised Morocco's achievements in the aerospace sector, highlighting its advanced capabilities in aircraft manufacturing and component production, which have positioned it among the region's leading nations. He reiterated that Egypt welcomes Moroccan investments and is committed to providing a supportive environment for investors from sisterly nations, emphasizing the goal of establishing genuine industrial partnerships that advance economic integration and shared development.
For his part, Ambassador Mohamed Ait Ouali commended Egypt's significant progress in infrastructure, industry, and transport, expressing Morocco's aspiration to deepen bilateral cooperation and explore new investment opportunities that serve the interests of both peoples. According to the United Nations COMTRADE database, Egypt's exports to Morocco reached $1.03bn in 2024, while total trade between the two countries stood at around $1.1bn, with Morocco's exports to Egypt amounting to approximately $80m during the same period.