The Minister of Industry presents opportunities in new energy and hydrogen production to the German Chamber


Engineer Ahmed Samir, Minister of Trade and Industry, held an extensive meeting with the delegation of the Federation of German Chambers of Industry and Commerce headed by Dr. Martin Vansleben, Executive Director of the Federation. The meeting reviewed opportunities to enhance industrial and investment cooperation between Egypt and Germany during the next phase. Imad Ghaly, President of the German Chamber, participated in the meeting. The Arab League for Industry and Commerce, and Jan Nutter, Executive Director of the German-Arab Chamber of Industry and Commerce and Minister Plenipotentiary of Trade Yahya Al-Wathiq Billah, Head of the Commercial Representation Body.

The minister said, in a press statement, today, Friday, that the meeting dealt with the most prominent areas of cooperation available between the two countries, which include the production of new and renewable energy such as wind and sun in Egypt, as well as the manufacture of hydrogen to meet the needs of the local market and export abroad, especially in light of the great momentum witnessed by Egyptian-German relations in the Middle East. Recently, pointing to the importance of building on the consensus of opinion between the governments and leaderships of the two countries at present, and translating this into real projects in the interest of the Egyptian and German peoples.

Samir stressed that the government is striving to create a business climate in Egypt to attract foreign investments, especially German investments, because of their long experience in working in the Egyptian market, embodied in many successful companies, especially Siemens, pointing to the importance of establishing commercial and investment partnerships that contribute to Develop economic relations between Egypt and Germany, especially as the government pays attention to attracting more German investments to Egypt in various sectors.

He pointed out that the ministry is looking forward to activating the role of various business organizations in the two countries, led by the Federation of German Chambers of Commerce and Industry, to mobilize energies and capabilities and introduce the Egyptian and German business communities to the available cooperation opportunities.

For his part, Dr. Martin Vansleben, Executive Director of the Federation of German Chambers of Industry and Commerce, stressed the union’s keenness to strengthen cooperation frameworks with Egypt, especially as German companies seek to find a strong partner for them in the African market, especially in light of the current global crisis and its economic repercussions, noting that Egypt enjoys all The ingredients that qualify it to be a hub for the production of clean energy solutions, especially solar and hydrogen cells.

Imad Ghaly, President of the German-Arab Chamber of Industry and Commerce, pointed out that Egypt is one of the important investment destinations for the German investor, as Egypt and Germany enjoy promising investment opportunities, praising the fruitful relations between the Chamber and the Ministry over the past years in enhancing prospects for cooperation between business circles. in Egypt and Germany.

In turn, Jan Nutter, Executive Director of the German-Arab Chamber of Industry and Commerce, explained that since its establishment in Egypt 70 years ago, the Chamber has been concerned with deepening joint economic relations between Egypt and Germany, and the Chamber includes 2,500 companies, most of which are Egyptian companies, pointing out that the Chamber is the largest organization specialized in trade cooperation between Germany. Egypt, on the one hand, and the Arab world, on the other, for its pivotal role in promoting cooperation and encouraging joint Egyptian-German investment.

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