CAIRO – December 2, 2021: Egyptian Prime Minister Moustafa Madbouli met with representatives of large Spanish companies on Wednesday in the presence of Spanish Prime Minister Pedro Sanchez.
The meeting with the representatives of the companies participating in the Egyptian-Spanish Business Forum took place to probe their action plans in Egypt.
The companies attending the meeting included the company FCC Aqualia, the company Talgo and the company Siemens-Gamesa.
Madbouli said Spanish companies working in Egypt are a success story.
Madbouli called for further cooperation with Spanish companies, especially after the announcement of the launch of the Egyptian-Spanish Joint Business Council.
Sanchez said Spain seeks to advance the competitiveness of Spain’s business sector in the areas of water management, renewable energy, agriculture and railways.
Egypt is one of the most important countries in Africa, said Sanchez, saying he is convinced that Spanish companies can mainly help advance the development process underway in Egypt.
During Sanchez’s visit, Egypt and Spain agreed to renew the financial cooperation protocol with the Spanish government, amounting to 400 million euros.
Trade between Egypt and Spain increased by 23.8% in the first nine months of 2021, registering 1.961 million euros, compared to 1.583 million euros, in the same period of 2020, according to the Minister of Commerce and Industry, Nevine Gamea.