Greece Targets $5bn Egypt Investments in 5 Years – Council

The Greek-Egyptian Business Council is planning to boost Greece’s investments in Egypt to US$5 billion in the coming five years, chairman Hani Berzi said on Thursday.

Speaking to Amwal Al Ghad on the sidelines of the Greek-Egyptian Business Forum kicked off last Thursday, Berzi said the volume of Greek investments in Egypt had not exceeded US$600 million in the current time.

That is why the council will make use of the state of ongoing rapprochement between Cairo and Athens in order to boost the volume of bilateral trade, the Egyptian official noted.

The number of Greece’s projects in Egypt is surpassing 100, which are being taken part by 53 key Greek companies, Berzi elaborated.

Furthermore, Berzi stated that the Greek-Egyptian Business Council would facilitate a number of official visits for Greek investors to review Egypt’s available investment opportunities, notably its current national projects such as the Suez Canal Corridor Area and the one million affordable units.

The Greek investments in Egypt vary between sectors of chemical industries, textile, building materials, food industries, commercial and consulting services, and transport projects.