As part of the state’s efforts to strengthen economic and investment relations with international partners, the meeting met Muhammad Al-JawsaqiCEO of the General Authority for Investment and Free Zones, with Nicholas Papageorgiou, Ambassador of the Greek Republic to the Arab Republic of Egypt, to discuss opportunities for joint investment cooperation, review developments in Greek investments in the Egyptian market, and the most prominent strategic projects between the two countries.
Strengthening trade cooperation between Egypt and Greece
During the meeting, the two sides discussed ways to enhance economic cooperation between Egypt and Greece, with a focus on supporting Egyptian companies, especially emerging companies, encouraging innovation and enhancing competitiveness in local and international markets.
Engineer Muhammad Al-Jawsaqi stressed the importance of creating a supportive environment for startups, and enabling them to grow and expand, whether through administrative facilities, training programs, or supporting innovation and modern technology, including artificial intelligence and digital transformation. He explained that these efforts come within a comprehensive strategy to strengthen the national economy, encourage joint investments, and raise the competitiveness of Egyptian companies at the local and international levels.
Al-Jawsaki pointed out that cooperation between Egypt and Greece extends for thousands of years, and that today it is based on strategic economic and investment partnerships, allowing for the exchange of experiences in the fields of technology and entrepreneurship, and the development of small, medium and emerging companies to be part of the global digital revolution. He added that the meeting represents an opportunity to discuss joint initiatives to apply artificial intelligence in the fields of industry, services and trade, in a way that enhances innovation and expands market horizons for Egyptian companies.
The Greek Ambassador confirms his country’s keenness to support economic partnerships and initiatives
For his part, Ambassador Nicholas Papageorgiou expressed his appreciation for the strong historical relations between the two countries, stressing Greece’s keenness to support economic partnerships and initiatives that enhance the growth of small, medium and emerging companies, encourage innovation, and contribute to the development of a competitive business environment. He also stressed his country’s commitment to strengthening investment cooperation with Egypt, and considering it a strategic partner and a major hub for Greek investments in the Eastern Mediterranean region.
At the conclusion of the meeting, the two sides affirmed their aspiration to translate this shared vision into concrete projects that enhance economic growth, support innovation and entrepreneurship, and achieve the common interests of the two friendly countries, thus contributing to achieving stability and development in the Eastern Mediterranean region. They also stressed the importance of following up on new initiatives to ensure tangible results and sustainable development in vital sectors.
