Three years ago, Egypt was on the edge of economic collapse. Now it’s on the rebound and attracting big foreign investors like Siemens and Mercedes-Benz
Partnering on everything from trade and investment to migration and security, the relationship between Germany and Egypt is beneficial for both countries, and also for the whole of Europe, Africa and the Arab world. Although Germany is only the 20th largest investor in Egypt, opportunities are now ripe for new investments. Egypt has recently passed a new investment law that adds new incentives and as the current head of the African Union, its priority is to establish an Africa-wide free trade zone that is set to revolutionize the market. Here, Dr. Badr Abdelatty, Egypt’s Ambassador to Germany, explains how Germany and Egypt can best continue to enhance win-win cooperation in the years to come.