Strengthening Investment Cooperation at the EBRD Forum
On June 7, 2026, Khaled Hashem, Egypt's Minister of Industry, wrapped up his participation in the 35th Annual Meeting and Business Forum of the European Bank for Reconstruction and Development (EBRD) held in Riga, Latvia. This event provided a platform for Hashem to hold crucial discussions with EBRD officials, government representatives, and investment leaders, all aimed at bolstering industrial and investment collaboration. The minister initiated his agenda with a meeting with the EBRD Board of Directors, where the dialogue centered on cooperative efforts in key sectors such as energy, water management, vocational training, and the support of small and medium-sized enterprises. These discussions are closely aligned with Egypt's strategic goals to foster sustainable industrial development, enhance human capital, and expand funding for productive initiatives.
Expanding Trade Relations with Turkey, Nigeria, and Morocco
During his visit, Hashem also engaged with Osman Celik, the Deputy Minister of Treasury and Finance of Turkey, to explore avenues for increasing Turkish investments in Egypt, particularly in export-driven projects. They emphasized the necessity of identifying priority products that could integrate both Egyptian and Turkish production inputs, thereby creating competitive export opportunities that cater to regional and global markets. Among the sectors highlighted were textiles, ready-made garments, engineering industries, automotive components, home appliances, chemicals, fertilizers, and renewable energy technologies.
In a bid to strengthen Egypt's ties with Africa, Hashem held discussions with Aminu Umar Sadiq, focusing on enhancing investment cooperation and leveraging the solid bilateral relationship to advance industrial integration. The minister pointed out that Nigeria stands to gain from Egypt's manufacturing capabilities and extensive industrial expertise across various sectors, facilitating better access to both Arab and African markets. He underscored the significance of establishing a trade corridor between Egypt and Nigeria within the framework of the African Continental Free Trade Area, while advocating for enhanced collaboration among the chambers of commerce and banks in both nations to streamline trade financing and mitigate associated risks.
Concluding his series of meetings, Hashem spoke with Mohamed Tarek Beshir, the Director of Treasury and Foreign Finance at the Moroccan Ministry of Economy and Finance. Their discussions revolved around opportunities for reinforcing industrial cooperation, developing financing mechanisms, and supporting mutual investments. The two parties reviewed promising sectors for strategic partnerships, including automotive manufacturing, food industries, and textiles, while also seeking to activate existing trade agreements to facilitate intra-regional trade and improve access to African and global markets. Hashem reiterated Egypt's commitment to elevating relations with Morocco to the status of a comprehensive strategic partnership, reflecting the deep historical ties between the two nations and supporting their shared economic and industrial development objectives.
As reported by sis.gov.eg.
