€5.8bn size of trade exchange between Egypt, Germany

The volume of trade exchange between Egypt and Germany reached €5.814bn last year, compared to €5.568bn in 2016, an increase of 5%, according to newly appointed Trade and Industry Minister Amr Nassar.
Nassar pointed out that German investments in Egypt currently amount to €641m in 1,080 projects in the fields of industry, services, agriculture, construction, communications, information technology, and finance.
Meanwhile, total Egyptian investments in Germany amounted to $35.5m in the fields of finance, medicines, furniture, appliances, medical supplies, tourism, and trade.
Nassar received German Ambassador to Egypt Julius Georg Luy to discuss the future of economic cooperation between the two countries in the commercial and industrial sectors. The meeting came as part of a series of meetings held by the minister of trade and industry with ambassadors of foreign and Arab countries to promote trade and investment relations between Egypt and various countries of the world during the next phase.