Deputy Prime Minister for Economic Affairs Hussein Eissa expressed the government’s aspiration to increase the volume of Italian investments in Egypt and capitalize on the country’s strategic location and promising market, which serves as a key gateway to Arab and African markets.
He stressed the Egyptian government’s commitment to providing all forms of support and facilitation to foreign investors, while continuing to enhance the competitiveness and attractiveness of the investment climate in line with international best practices and strengthen mutual confidence with major global financial institutions.
Eissa made the remarks during a meeting with a delegation from Intesa Sanpaolo Group, Italy’s largest banking group and one of Europe’s leading banking institutions. The meeting was attended by Mohamed Farid, Minister of Investment and Foreign Trade, and Ahmed Kouchouk, Minister of Finance, via videoconference.
The delegation included Paola Babanicolau, Head of International Banks at Intesa Sanpaolo Group; Paolo Vivona, CEO and Managing Director of AlexBank, a subsidiary of the group; and Ziad Bahaa El-Din, former Deputy Prime Minister and Non-Executive Chairman of AlexBank.
Eissa welcomed the delegation and the bank’s representatives, underscoring the strength and depth of the longstanding bilateral relations between Egypt and Italy. He reaffirmed the Egyptian government’s commitment to strengthening bilateral cooperation and the economic partnership between the two countries across various trade and investment fields.
For their part, the delegation members expressed the group’s growing interest in the Egyptian market and its desire to expand its presence there, particularly in light of the economic reforms being implemented by the state. They affirmed that Egypt represents a strategic market and a key hub for strengthening economic cooperation between Italy and both Africa and the Middle East, which would contribute to attracting further Italian investments to Egypt in the coming period.
At the conclusion of the meeting, both sides reaffirmed their commitment to enhancing frameworks for joint cooperation and exploring ways to support the existing partnership, contributing to expanding banking and financial cooperation between Egypt and Italy. The Visit of Chinese President Xi Jinping to Egypt President El-Sisi receives Chinese President Xi Jinping Egypt-China Joint Communiqué on the further deepening of their comprehensive strategic partnership Old Kingdom tomb discovered at Egypt’s Saqqara necropolis