Sisi says Egypt eyes increasing investments with Azerbaijan

CAIRO – 27 January 2023: President Abdel Fattah El Sisi said that Egypt looks forward to increasing public and private investments with Azerbaijan, citing the business reforms introduced by the Egyptian government to simplify and facilitate investment procedures.

Sisi's remarks came during his meeting on Friday with a host of Azeri businessmen and CEOs of major companies in Azerbaijan, with the participation of Azeri and Egyptian ministers, said Presidential Spokesman Bassam Radi.

On their part, the Azeri businessmen said they are interested in fostering cooperation and joint investments with Egypt, especially in light of the provision of several promising investment opportunities in the country, notably in the sectors of infrastructure, transport, new energy, green hydrogen and electricity, as well as the pharmaceutical industry.

They also reviewed their plans for injecting new investments or expanding their existing projects in Egypt.