malaysia
The prime minister pointed out that Egypt, as a major power in both the Arab world and Africa, presents significant investment opportunities. He mentioned that Malaysia is actively exploring new sectors for cooperation, such as digital transformation, energy, and semiconductor manufacturing.
On the occasion of the 65th anniversary of the establishment of diplomatic relations between Egypt and Malaysia, and at the invitation of President Abdel Fattah El-Sisi, Dato’ Seri Anwar Ibrahim, Prime Minister of Malaysia, paid an official visit to Egypt from 9 to 12 November 2024.
The CAPMAS report also highlighted a significant surge in Malaysian investments in Egypt, which rose to $24 million in the 2022/2023 fiscal year, a substantial increase from the $5.1 million seen in 2021/2022
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The meeting aimed to explore ways to enhance trade and investment cooperation between Egypt and Malaysia.
Minister of Foreign Affairs Sameh Shokry met Sunday and Monday with counterparts from the United Kingdom, Norway, Malaysia, Sri Lanka, and Bahrain.
President Abdel Fatah al-Sisi received Monday Malaysian Prime Minister Anwar Ibrahim at Al Itihadiyah Presidential Palace.
His Excellency the Prime Minister of Malaysia, Mr. Anwar Ibrahim, visited the sub-headquarters of the Muslim World League (MWL) in Riyadh and met with His Excellency the Secretary General and Chairman of the Association of Muslim Scholars, His Eminence Sheikh Dr. Muhammad bin Abdulkarim Al-Issa.
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Ezzat explained that the trade balance between the two countries comes in favor of Malaysia with a value of $459.465 million during 2021, compared to $296.234 million in 2020, marking a growth of 55 percent.
Egyptian Minister of Trade and Industry Nevin Gamea held an expanded session of talks with the Malaysian Minister of Agricultural Industries and Commodities Zuraida Kamaruddin on Sunday to review aspects of industrial, investment and commercial cooperation between the two countries.
Gamea elaborated that the most important items of exports include citrus, phosphates, chemical and mineral fertilizers and fruits.
That was Minister's Shokry last meeting in Malaysia before heading to Singapore within his Asian tour.
Minister of Foreign Affairs Sameh Shokry, who is also president designate of COP27, met Tuesday with Malaysian Minister of Environment and Water Tuan Ibrahim Tuan Man.
It is noted that the size of trade between Egypt and Malaysia hiked by 80 percent in 2021 compared to 2020 recording almost $1 billion.
Malaysia is the first destination of the Asian tour the minister of foreign affairs has embarked on.
Nasr urged the federation to coordinate with its Egyptian counterpart and the Egyptian commercial bureau to organize a commercial investment mission for the members of the federation during their visit to Egypt in the first quarter of 2022.
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The list of imported and exported goods between the two markets includes vegetables, fruits, herbs, spices, phosphates, fertilizers, chemicals, palm oil, petroleum and mineral oils, rubber and some types of yarn.
A flight carrying 234 stranded Egyptians from Thailand and Malaysia landed in Marsa Alam International Airport on Sunday.
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