New German program to increase trade, investments with Egypt

The German-Arab Chamber of Industry and Commerce has started implementing a program to boost marketing in Egypt with the aim of increasing the volume of trade between Egypt and German investments in Egypt.

The program aims at hosting delegations of businessmen in various German states in order to strengthen cooperation with their Egyptian counterparts, executive director of the chamber Peter Goepfrich said.

The program includes field visits to Egyptian plants, he added. It also organizes conference, seminars and meetings with Egyptian officials to get acquainted with climate and opportunities of investment, he said. The Egyptian exports to Germany amounted to 283 million euros in 2001 against only 238 million euros in 2000, he said.

Germany contributes to 163 projects in Egypt, he said. The German contributions to these projects worth to LE 739 million, he added.