In the spirit of enhancing investment prospects in Egypt and laying the groundwork for the forthcoming Investment Conference slated to take place in Egypt later this year, the Egyptian Embassy in Brussels, along with its Commercial Bureau, orchestrated a pivotal meeting for the Egyptian economic delegation. The gathering, which included Mr. Jan Jambon, Minister-President of the Government of Flanders, Belgium, and Dr. Badr Abdel Aty, the Egyptian Ambassador to Belgium, brought together representatives from commercial agencies across three Belgian provinces and major Belgian companies spanning various sectors such as new and renewable energy, green hydrogen, logistics, infrastructure, banks, and ports.
Led by GAFI CEO Mr. Hossam Heiba, the economic delegation spotlighted Egypt’s ongoing economic reform initiatives and elucidated the array of investment advantages, incentives, and guarantees extended to both Egyptian and foreign investors. The session also featured an interactive exchange with representatives of Belgian companies currently operating in Egypt, keen on expanding their investments in sectors like transportation, logistics, renewable energy, and leveraging Egypt’s abundant solar and wind energy resources, as well as its capacity for producing green hydrogen and green ammonia, to meet Europe’s growing demand for renewable energy imports.
Mr. Jan Jambon commended the longstanding relations between Flanders and Egypt, commending the Egyptian delegation for presenting the promising opportunities and capabilities of the Egyptian economy. He underscored the significance of the sectors earmarked for focus during the Investment Conference, including energy, industry, and agriculture.
Dr. Bader Abdel-Aty, the Egyptian Ambassador to Belgium, underscored the depth of bilateral relations between Egypt and Belgium, emphasizing advancements in political, economic, trade, and tourism sectors. He expressed Egypt’s eagerness to deepen ties, particularly in investment and trade realms, to maximize mutual benefits.
During the session, GAFI CEO and Chairman of the Board of Directors of the Suez Canal Economic Zone (SCZone) provided an overview of Egypt’s investment climate, with a specific focus on opportunities within SCZone.
The Egyptian delegation, spearheaded by GAFI CEO Mr. Hossam Heiba, comprised key figures such as Mr. Walid Gamal El-Din, Chairman of the Board of Directors of SCZone, Ambassador Omar Abu Eish, Head of the National Bureau for the Implementation of the Egypt/EU Association Agreement, and Ms. Jihan Saleh, Economic Advisor to the Prime Minister. Additionally, representatives from the Egyptian private sector, including the Secretary-General of the Federation of Egyptian Chambers of Commerce, the Head of the Egyptian Federation of Investors Association, the President of the Egyptian Junior Business Association, and a representative from the Federation of Egyptian Industries, were present, underlining the collaborative effort to bolster investment opportunities and deepen economic ties between Egypt and Belgium.
