Engineer Tariq  Kabil , Minister of Trade and Industry  opened Meetings  of investment conference  between Egypt and Germany, which  organized by the German Chamber of Industry and Commerce in Cairo attended by Sigmar Gabriel, deputy of Chancellor Merkel and the German Minister of Economy and Energy.

Germany is interested in boosting new investments in the Egyptian market, as German companies are expanding their partnerships with Egyptian companies, CEO of the German-Arab Chamber of Industry and Commerce (GACIC), Rainer Herret said.

“We are still far from being fully operational in the country and further efforts are being exerted for investment,” Herret said. “German investments are different and have an advantage over other investments as we seek money flow and job creation.”

Egypt’s industry does not produce sufficient products of value, Herret said. However, he added that Egypt does have potential and opportunity for investment in the fields of mining, gas and solar power.

He further called for the enforcement of the one-window investment system, which would cut down on a lot of bureaucracy for investors seeking to launch new projects in Egypt.

In another context  Egyptian President Abdel Fattah Al-Sisi and his visiting French counterpart Francois Hollande witnessed the inauguration of the Egyptian-French Economic Summit in Cairo on last Monday.

Around 60 French companies, in addition to the ministers of industry, investment, international cooperation, transport and electricity participated in the forum.