- Swedish Minister for Foreign Trade Anna Hallberg visits Egypt for two days heading a business delegation, taking part in a series of bilateral meetings to boost ongoing bilateral cooperation with Egypt.
-Swedish business delegation to explore investment opportunities in the New Administrative Capital
- Hallberg to meet her Egyptian counterpart Nevine Gamea to discuss boosting trade ties in various areas
- More than 30 Swedish companies are active in Egypt, creating more than 15,000 jobs.
- Egypt's healthcare sector to see significant growth; Interest from Swedish companies is big
- Energy, smart cities, and urban transport also on agenda
By : Nahla Ahmed
The Swedish Minister for Foreign Trade and Nordic Affairs will meet with her Egyptian counterpart to discuss means to boost economic cooperation between the two countries and possibilities of collaboration during Expo 2020 in Dubai, among other issues of common interest.
Hallberg will also meet Egypt's ministers of Electricity and Renewable energy and Housing and Urban Communities to discuss ongoing projects and opportunities for further deepening trade and knowledge exchange between the two countries.
During the visit, the Swedish Minister will be heading a business delegation to the New Administrative Capital to learn more about the achievements and prospects of investment opportunities in Egypt's major urban development project.
Upon her arrival, Anna Hallberg said: "The ambitious plans for Egypt's economic development provide significant investment opportunities for its international partners. Sweden is a committed partner to Egypt, and Swedish companies are world-leading in several priority sectors. The megaprojects represent an opportunity for great economic partnerships. Egypt's position as a regional hub and a gateway for trade with Africa following the African Continental Free Trade Agreement draws much attention in the Swedish Business Community."
Sweden and Egypt's trade exchange hiked by 22% in the second half of the 2020 fiscal year, making Egypt the top Swedish trading partner in Africa and the third-largest in the Middle East.
Minister Hallberg is accompanied by some Swedish world-leading companies in fields such as life sciences, sustainable energy solutions, mobility, and smart cities. Swedish companies have invested significant amounts in Egypt over the last few years.
Today more than 30 Swedish companies are active in Egypt, creating more than 15,000 jobs, contributing to exports and economic growth in the Egyptian economy.
Eva Andren, Country Manager Ericsson Egypt and Head of Managed Services at Ericsson Middle East and Africa said: “Egypt has been heavily prioritizing digital transformation by setting ambitious goals through Egypt Vision 2030.
As Ericsson understands the significance digital transformation will play in the development of Egypt, we are focused on helping Egypt on its digital transformation journey by providing the best-in-class technology and talented expertise.
Our longstanding presence of 125 years in Egypt reaffirms our commitment and our confidence in aiding Egypt in its economic development, digital transformation journey and growth post-pandemic.”
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