G&D, Plasser & Theurer consider investing in Egypt

CAIRO – 13 June 2017: Germany’s Giesecke & Devrient (G&D) and Austrian Plasser & Theurer are interested in investing in Egypt, presidency spokesperson Alaa Youssef said Tuesday.

Concluding his Berlin visit, President Abdel Fatah al-Sisi met representatives of G&D, which works in providing insurance for securities and smart cards, and the Austrian manufacturer of rail track maintenance and track laying machines.

During the meeting, Sisi presented Egypt’s economic reform plan and the measures taken to improve business climate and facilitate procedures for investments.

Focusing on the economic aspect of the visit, Sisi attended the German-Egyptian Joint Economic Committee meeting Monday and met representatives from Mercedes, oil and gas exploration firm DEA and Knauf companies.

On the sidelines of the visit, Minister of Investment Sahar Nasr signed three agreements with Germany worth of € 203 million ($227 million) in sectors of renewable energy, education, and Small and Medium Enterprises.