Number of Italian firms investing in Egypt to hit 1,200 in two years

The Egyptian government targets raising the number of Italian firms investing in Egypt from 600 to 1,200 within the upcoming two years.

Chairman of Egypt Expo and Convention Authority (EECA), Mohamed Samy stated Tuesday that the Egyptian-Italian ties are distinguishable since Italy is Egypt’s biggest trade partner among European Union states.

He made these remarks during a conference held Monday by The Italian Chamber of Commerce – Egypt (CCI-Egypt).

The official  added that Egypt eyes raising trade exchange volume with Italy to around €6 billion within the coming period.

EECA has a number of partnerships with Italian firms organising exhibitions since it keens on participating in all events held in Italy.

Moreover, Samy noted that Egypt plans to take part in Milano World Food Exhibition- Tuttofood which is scheduled to take part from 8-11 May 2017.