11/06/2015
In his speech in the opening session at the Economic Forum which has been held on the margin of President’s El Sisi visit to Germany, Dr. Eng. Nader Riad, the Egyptian German Business Council, assured that Egypt is the country of promising opportunities and that investment in Egypt considering ongoing German projects in Egypt is more profitable and growing in comparison to German investments in Europe, due to the population structure of Egypt – 90 million consumers – which represents all types of goods. .(Available in Arabic – German in PDF)
Dr. Nader Riad said that the industrial infrastructure in Egypt is strong and integrative represented in more than 54 industrial regions which are distributed among all governorates. He added that the cooperation agreement in energy field with the German Corporation, Siemens, which is about 12 billion Euros, wouldn’t be the only one, but it would be followed by other agreements in different fields. Also, he praised the admiration of people around the world of the extension of Egyptian people respond to the contribution in financing the enormous national project of doubling the side of Suez canal navigational current and its development as an economical region, as more than 62 billion pounds in one week were collected, in respect of humble living circumstances for Egyptians. He added that what Egypt announced regarding the vast development of Alexandria shipyard for ship building in order that it regains its capabilities would lead to development of ability to build ships, whose loads reach 60 thousand tons in cooperation with China.