Egypt and Greece seek to deepen investment and innovation partnership

GAFI CEO Mohamed El-Gawsaky met with Greek Ambassador to Cairo Nikolaos Papageorgiou to discuss strengthening investment ties between Egypt and Greece. The talks centered on supporting Egyptian companies, particularly startups, while promoting innovation and competitiveness in local and global markets. Both sides expressed commitment to turning their shared vision into tangible projects that foster economic growth.

In a move to bolster economic links, GAFI CEO Mohamed El-Gawsaky held a meeting with Greek Ambassador to Cairo Nikolaos Papageorgiou. The discussion aligned with Egypt's broader strategy to expand international partnerships, focusing on exploring joint investment opportunities, reviewing current Greek investments in Egypt, and addressing mutually interesting strategic projects.

El-Gawsaky emphasized the need for a supportive ecosystem for startups, highlighting streamlined administrative procedures, targeted training programs, and robust support for innovation and advanced technologies such as artificial intelligence and digital transformation. He explained that these initiatives form part of a national strategy to fortify Egypt's economy, broaden joint investment prospects, and enhance the global competitiveness of Egyptian businesses.

He also pointed to the deep historical roots of Egyptian-Greek relations, which have evolved into strategic economic and investment partnerships. This cooperation, he noted, offers a platform for exchanging expertise in technology and entrepreneurship, while developing small, medium-sized, and startup enterprises to actively participate in the global digital economy.

The ambassador, in turn, reaffirmed Greece's dedication to economic partnerships that promote the growth of SMEs and startups, encourage innovation, and foster a competitive business environment. He described Egypt as a strategic partner and a vital hub for Greek investments in the Eastern Mediterranean.

At the meeting's close, both parties voiced their aspiration to convert their shared vision into concrete projects that drive economic growth, strengthen innovation and entrepreneurship, and advance the mutual interests of the two nations.

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Egyptian President el-Sisi and Turkish President Erdoğan shaking hands at a Cairo summit, signing economic agreements amid applauding business leaders.
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Egypt and Türkiye strengthen economic partnership through business forum and agreements

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Egyptian President Abdel Fattah El-Sisi received his Turkish counterpart Recep Tayyip Erdogan in Cairo on Wednesday, where they co-chaired the second meeting of the High-Level Strategic Cooperation Council, signing a joint statement and several memoranda of understanding in defence, trade, investment, and other fields. The General Authority for Investment and Free Zones (GAFI) participated in the Egypt-Türkiye Business Forum to boost economic ties. The visit aims to elevate bilateral trade to $15 billion.

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Following the recent industry minister's engagement with the Federation of Egyptian Industries (FEI), Mohamed Farid, Egypt's Minister of Investment and Foreign Trade, met with FEI Chairperson Mohamed El Sewedy to discuss expanding cooperation, bolstering industrial competitiveness, and advancing export goals.

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