19 October 2019 05:39 PM

PM, Germany’s Siemens officials discuss boosting bilateral cooperation

Tuesday، 25 June 2019 - 01:38 PM
PM, Germany’s Siemens officials discuss boosting bilateral cooperation

Visiting Prime Minister Moustafa Madbouli had talks on Tuesday June 25,2019 with officials of Germany’s Siemens company on boosting bilateral cooperation and the company's planned investments in Egypt.

The premier and his accompanying ministerial delegation are scheduled to meet a number of German businessmen and review the future of Egyptian-German relations, in addition to investment opportunities in the two countries.


Madbouli arrived in Berlin on Monday June 24,2019 to participate in the Arab-German Business Forum.


Being the current edition's guest of honor, Egypt has a special opportunity to promote investment opportunities enjoyed by the country.


The forum is attended by up to 600 Arab and German businessmen.


Meanwhile, a statement by the Ghorfa Arab-German Chamber of Commerce and Industry said that the 22nd Arab-German Business Forum will provide a platform for discussion, dialogue, networking, doing business, creating partnerships and providing innovative solutions with the view to strengthening economic cooperation between Germany and Arab countries.


The Arab world and Germany traditionally share close and diverse business ties, statement read.

German companies offer a huge variety of opportunities for cooperation and are not only able to provide high-quality goods, but also state of the art know-how, it said. Just recently, the World Economic Forum ranked Germany as the most innovative country in the world, it added. Latest studies expect positive growth rates of 2 to 4 percent in most Arab countries, the statement pointed out.


In Egypt and Iraq, growth could even reach 5 to 6 percent again, it said. Overall, this is expected to offer both German and Arab company's ideal opportunities for sustainable business and cooperation, it added.


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