Cairo Chamber reviewed business ways of attracting investments in the domestic market, in various activities; especially the national projects offered currently, which including promising investment opportunities for foreign and local investors.

This happened during a visit of the Cairo Chamber delegation to Indian Embassy in Cairo, and holding an expanded meeting with Indian Ambassador Sanjay Bhattacharya, and a large number of Indian investors and owners of major Indian companies that interested in investing in the Egyptian market.

Ali Shoukry , Cairo Chamber’s vice chairman  stressed we should strengthen the partnership between the investors of the two countries , by exchanging all data on markets and investments, noting that the local market has a promising and attractive investment opportunity for investors from different countries in various projects, especially logistical areas on Suez Canal, Damietta and others.

Sameh Zaky Cairo Chamber’s Board member and Deputy Head of the Division of exporters, said that the close ties between the two countries are strong but our trade volume is not strong enough which amounted to about 3.6 billion dollars in 2015, and local exports to India about 1.5 billion dollars, while imports into the domestic market 2.1 billion dollars for the same year. Therefore “we should exert more efforts to achieve the trade balance for coping with developments in the political, economic and trade relations between the two countries” Zaky added.

The Indian Ambassador said that the volume of Indian investments in the Egyptian market, estimated at $3000000000 by 50 of the major Indian companies, and they have a desire to expand these investments in the next stage.