Azerbaijan Businessmen society looks forward to maximizing cooperation, joint investments with Egypt

CAIRO – 27 January 2023: President Abdel Fattah El Sisi met on Friday with a number of businessmen and CEOs of major companies in Azerbaijan, said Presidency Spokesman Ambassador Bassam Radi.

The meetings were also attended by various Azerbaijani ministers, senior officials and representatives of authorities concerned as well as Egyptian Foreign Minister Sameh Shoukry, Electricity Minister Mohamed Shaker and Planning Minister Hala el Saeed.

The businessmen society in Azerbaijan expressed their keenness to contribute to investing in Egypt, particularly after the huge and various opportunities supported by the political leadership, under President Sisi, to attract more foreign investments to Egypt.

The Azerbaijani officials expressed their appreciation for the President’s keenness to meet with them personally, which further enhances cross-border joint cooperation between the two countries.

They looked forward to maximizing cooperation and joint investments with Egypt, in light of the political will they see and the President’s personal follow-up to the activity of foreign investments in Egypt. This is in addition to the availability of many promising investment fields and opportunities in Egypt, mainly in the sectors of infrastructure, transportation, new energy, green hydrogen, electric power production, and pharmaceutical industries.

The President engaged in an open dialogue with the heads and representatives of Azerbaijani companies, who welcomed enhancing cooperation with Egypt. They also reviewed their plans to invest in Egypt or expand their existing projects in a number of fields, and to enhance communication between representatives of the private sector in the two countries to push bilateral economic relations to broader horizons to meet the aspirations of the two peoples.