The chairman of the Cairo Chamber applauds the formation of Egyptian-Pakistani partnerships that will bolster both countries' economies.

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Thursday - 11 January 2024 - 1:42 PM




The chairman of the Cairo Chamber of Commerce, Mr. Ayman Ashry, emphasized that President Abdel Fattah Al-Sisi's Egypt encourages investment from both foreign and domestic investors. This encouragement pushes us towards further trade and investment relations for the mutual economic benefit of both countries.



This sentiment was expressed during his participation in the conference organized by the Embassy of Pakistan in Cairo, entitled “The Fourth Conference for the Development of Pakistani-African Trade and the One Country Exhibition 2024.” The purpose of the conference is to support Egyptian-Pakistani economic relations and explore ways to increase joint trade and investment exchange. The event was attended by the Minister of Trade and Industry, Eng. Ahmed Samir, and the Minister of Sector Egyptian Business Dr. Mahmoud Esmat, Dr. Gohar Ejaz, Pakistani Minister of Commerce, along with a number of government officials from both countries.



Also present were members of the Board of Directors of the Cairo Chamber of Commerce, including Mr. Sherif Yehya, Vice-chairman of the Chamber, Mr. Ashraf Khadr, Assistant Treasurer of the Chamber, and other members, such as Dr. Naglaa Al-Najjar, Major General Ismail Jaber, and a large number of businessmen from Egypt and Pakistan representing various sectors.




Mr. Ayman Ashry highlighted that Egypt and Pakistan share great historical and economic relations, both being members of the Standing Committee for Economic and Commercial Cooperation of the Organisation of Islamic Cooperation (COMCEC) and the Islamic Group of Eight (G-8).



He noted that this conference is an opportunity to capitalize on our common capabilities to achieve shared objectives. He further mentioned that, through the existing bilateral cooperation, there are approximately 106 Pakistani companies currently investing in Egypt, with a trade volume reaching $400 million in 2022/2021. The hope is to see a breakthrough in this cooperation by increasing trade and investment between the two countries.



Mr. Ayman El-Ashry stressed that the Cairo Chamber of Commerce is committed to providing all necessary data to encourage Pakistani businessmen and investors to increase their investments in the Egyptian market and enter into Egyptian-Pakistani partnerships. This, in turn, will enhance bilateral cooperation to achieve common goals aimed at supporting the economies of both countries. The Cairo Chamber, representing more than 600,000 traders, manufacturers, investors, and service providers, was founded in 1913 and plays a vital role in the business community with its various services. It stands as one of the largest and oldest chambers in the Middle East, aiming to increase trade and investment while strengthening economic relations between Egypt and various countries worldwide.