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بوابة الفجر
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Industry Ministry Holds German Business Roundtable
The article focused on the efforts of the Egyptian Ministry of Industry to strengthen cooperation with German companies, by hosting a roundtable to discuss expansion plans and the challenges faced by German firms in Egypt. Officials clarified that Egypt is seeking to attract more German companies, particularly small and medium-sized enterprises, to benefit from its advanced infrastructure and free trade agreements, aiming to transfer technology and develop the local industry. During the meeting, programs to support local suppliers and promote domestic automotive manufacturing were also discussed. Egypt has seen new investments in the production of batteries and tires for electric vehicles, with an emphasis on increasing local content and enhancing manufacturing. German companies have shown growing interest in making new investments, with the government committed to removing obstacles to expand their businesses, and efforts are being unified with the German-Arab Chamber to boost investment in Egypt.
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