01/03/2005
Al-Masry Al-Youm Newspaper 2005/MARCH /01
Egypt has been chosen as the guest of honor of the next Arab German Investment Forum. This may represent a great opportunity to attract more German investments to Egypt and try to redress the balance of trade between the two countries. Egypt also hopes to attract more German technology to its industries, and a German technology exhibition scheduled in Cairo for next month could give a great hand to Egypt’s efforts in this regard.(Available in Arabic – German in PDF )
Egypt has been chosen as the guest of honor of the next Arab German Investment Forum. This may represent a great opportunity to attract more German investments to Egypt. Only 1% of Germany’s foreign investments are currently being injected in the Middle East, with Egypt being the country’s main commercial partner in the region. Thanks to this forum and Egypt’s economic reforms, it is hoped that German investors will inject more money and that the balance of trade between the two countries, which currently tilts in favor of Germany, will be redressed. Another showroom for Egypt’s reforms and economic development will be a German technology exhibition scheduled in Cairo for next month. Egypt very much hopes this will boost its efforts to bring more German technology to its industries.