Spanish companies eye expanding investments in Egypt

Spanish companies are keen on expanding and investing in Egypt, as it is their top leading destination in Africa, with the support of the Government of Spain, said Spain’s Minister of Trade Xiana Méndez Bértolo.

Bértolo made her statements during a meeting held virtually on Monday with Egypt’s Minister of International Cooperation Rania Al-Mashat to discuss areas of joint cooperation between Egypt and Spain, in light of the status of the current portfolio of projects and the possibility of future partnerships.

The Spanish minister also affirmed that Egypt is one of the most important foreign investment markets for Spanish companies, especially across the sectors of transportation, infrastructure, solar energy, and water treatment.

This meeting came within the framework of the periodic meetings the international cooperation ministry holds with multilateral and bilateral development partners in order to boost Egypt’s regional and global economic cooperation.

During the meeting, Al-Mashat discussed with Bértolo the possibility of launching an innovative mechanism for enhancing economic cooperation to promote economic growth and raise employment rates in both countries.