Besides Egypt’s distinguished geographic location, increasing expenditure on infrastructure projects and improvement of its credit rating will help push up the volume of the French investments in it in the coming years, they added. In statements to MENA on Thursday, the French economists said exchanging visits between senior officials and heads of the major companies in both countries aims to boost the volume of bilateral investments and trade exchange. Private sector in both countries will play a key role in fostering economic, trade and investment relations in the coming stage, he added. Egypt is one of the most important countries receiving French investments which have so far hit about 5 billion euros with around 165 French companies operating in the Egyptian market. Official data show that the volume of trade exchange between both countries jumped 20% in 2020, hitting about 3 billion dollars compared with 2019.

Source: Egypt Today November 11, 2021 23:30 UTC