Egypt, Poland in talks over investment opportunities in SCZone

Egypt and Poland discussed on Friday to discuss potential investment opportunities in the Suez Canal Economic Zone (SCZone).

The meeting was held by Egyptian Deputy Foreign Minister for European Affairs Badr Abdel Aati and Polish officials in Warsaw.

Abdel Aati told Polish officials, including the deputy foreign ministry for Africa and the Middle East, that Egypt is keen on enhancing cooperation with Poland in several fields, including modern technology, information technology, and artificial intelligence.

Egyptian Ambassador to Poland Hossam El-Qawish also attended the meeting, according to a statement by the Egyptian foreign ministry.

Abdel Aati affirmed the importance of resuming discussions between the two countries to accomplish a cooperation initiative and to sign an memorandum of understanding (MoU) between the SCZone and Poland’s Katowice Special Economic Zone (KSEZ) to establish a Polish industrial zone in Egypt.

The Polish zone will provide ways to create investment opportunities for Polish companies in the Egyptian market, as well as tapping into the privileges, guarantees and exemptions the Egyptian government awards to foreign investors, Abdel Aati said.

Adel Aati also touched upon the significance of the cooperation between Egypt and the Visegrad Group of countries, which includes Poland, Slovakia, Hungary and the Czech Republic.

He urged the establishment of an industrial zone for the group’s countries in the SCZone, as well as in Egypt’s industrial, investment and free zones, to consolidate bilateral cooperation.