Cairo chamber of commerce is looking to form a trader delegation to attend The 4th India-Arab

Partnership conference 26-27 November 2014 New Delhi, to promote investment in New Suez Canal

corridor, and also to display the available investment opportunities in the Egyptian market.

This came after the visit of the Indian ambassador in Cairo H. E. Mr. Navdeep Suri, Ambassador,

Mr. A. B. B. Babu, and Counselor to the chamber to discuss investment opportunities and how to

increase export and import to rise the terms of trade between both countries.

Eng. Ibrahim Al Araby stated that the new Suez Canal Corridor will include a large investments field,

therefore this conference is a good opportunity for the Egyptian side to put forward the new vision for

investments and the facilitation of supporting investors.

Al Araby stressed that Egypt aimed at increasing the volume of its trade with India to $ 8 billion by 2016

after reaching 5 billion and 200 million during 2013 and 2014, so our chamber will organize a meeting

combines the owners of companies in both countries directly.

For his part, the Indian ambassador said that Indian companies are interested in expanding their

investments in the Egyptian market in the next stage, although most of the Indian investments in Egypt

is focused in Port Said, Ismailia and Suez areas.

H. E. Mr. Navdeep said that a new Indian projects are anticipated in the Egyptian market, especially in

the sectors of chemicals, renewable energy, pointing out that there are about 60 Indian companies in Egypt

with investments of 2.5 billion dollars are concentrated in the sectors of plastics products (up to 300 million

dollars), petrochemicals, meat, paper, iron and its derivatives and synthetic rubber products, tobacco,

spices, tea and coffee.