Egypt, Singapore seal investment, education deals at Cairo forum

Egypt and Singapore signed a series of agreements on Sunday to boost cooperation in investment, education and training during the Egypt–Singapore Business Forum in Cairo, attended by Singaporean President Tharman Shanmugaratnam, the investment ministry said.

Egypt’s Investment Minister Hassan El-Khatib said bilateral trade reached $360 million in 2024, while Singapore’s direct investments stood at about $700 million across 129 companies. “These figures are encouraging, but they also reflect the need for greater ambition,” he told the forum.

The pacts included a memorandum of understanding between Egypt’s General Authority for Investment and Free Zones (GAFI) and a Singaporean group, as well as a landmark deal on technical and vocational education between Egypt’s ministry of education, NASS Academy, Innova, and Singapore’s Institute of Technical Education Services (ITEES), the ministry added.

Other agreements covered skills certification in logistics and supply chains, hospitality training, arbitration cooperation, and leadership development with Singaporean institutions.

El-Khatib said Egypt aims to be among the world’s top 50 economies in trade and investment competitiveness within two years, positioning itself as a regional hub despite global supply chain disruptions and inflationary pressures.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser