Egypt calls for Luxembourg investment in diverse sectors

Egypt’s Minister of Investment and Foreign Trade Hassan El-Khatib has called investors from Luxembourg to explore diverse investment opportunities across various productive and service sectors within the Egyptian market.

During his meeting with German Minister of Foreign Affairs and Foreign Trade Xavier Bettel on Wednesday, El-Khatib reiterated the ministry’s commitment to attracting more European investments and facilitating the transfer of European industrial expertise and advanced technologies to Egyptian industries.

The parties agreed to establish regular follow-up meetings to monitor the progress of discussed initiatives, aiming to benefit both the Egyptian and Luxembourg economies, according to a Cabinet statement.

The discussion also highlighted Egypt’s substantial potential in the green hydrogen sector, recognised as a crucial sustainable solution to address energy and climate change challenges, the statement added.

Bettel affirmed that Luxembourg is committed to enhancing its relationship with Egypt, highlighting the existing presence of numerous Luxembourg companies in Egypt, especially in high-tech industries.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama