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Egypt, Belarus to increase economic, investment cooperation

Businessmen Team economy 28 May 2025 04:02 PM
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Egypt, Belarus to increase economic, investment cooperation

Engineer Hassan El-Khatib, Minister of Investment and Foreign Trade, met with Igor Sergienko, Chairman of the House of Representatives of the National Assembly of the Republic of Belarus, and his accompanying parliamentary delegation. The meeting explored ways to bolster bilateral economic and trade relations between the two countries.

The Minister stated that the meeting reflects both countries' keenness to enhance joint cooperation frameworks across various fields and at all levels. He noted Egypt's appreciation for the Belarusian delegation's visit to Cairo, which underscores the excellent relations and mutual interests between Egypt and Belarus.

El-Khatib affirmed that Egyptian-Belarusian relations are built on mutual respect and understanding, emphasizing the need to leverage recent achievements between the two countries. He noted Egypt's aim to boost trade and investment with Belarus, aligning with government efforts to open new markets and diversify international partnerships. He praised the positive developments in recent economic relations.

Minister El-Khatib highlighted Belarus's efforts to drive investments into Egypt and commended the shared vision for stronger industrial and technological cooperation. He stressed that this collaboration is a significant step towards sustainable development in both nations. He explained that Egypt offers an attractive investment environment due to numerous economic and legislative reforms, affirming the ministry's commitment to an enticing investment climate for both local and foreign investments.

El-Khatib stated that Egypt is implementing financial, monetary, and trade policy reforms to facilitate investor operations and ease foreign trade. He highlighted the Egyptian market's distinct investment advantages: qualified labor, a strategic geographical location at the crossroads of three continents, and a network of free trade and preferential agreements with numerous countries and economic blocs.

The Minister also noted that Egypt serves as a key production and export hub for accessing markets in Europe, Africa, and Arab countries. He added that the country boasts robust infrastructure, including airports, ports, roads, and renewable energy sources.

Igor Sergienko, Chairman of the House of Representatives of the National Assembly of Belarus, affirmed that his visit to Egypt aims to broaden bilateral relations. He stated that Belarus considers Egypt a pivotal partner in the Middle East and Africa.

Sergienko also expressed Belarus's interest in expanding cooperation in industry, energy, and agriculture, indicating his country's readiness to transfer Belarusian expertise to the Egyptian market for mutual benefit.