Indian companies eye investments in Egypt’s fertiliser, green hydrogen, and food production sectors
Indian companies are keen to invest in Egypt’s fertilizer, green hydrogen, and food production sectors, according to Egypt’s General Authority for Investment and Free Zones (GAFI). During a visit to India, GAFI CEO Hossam Heiba highlighted Egypt’s investment potential, citing major infrastructure projects and renewable energy initiatives like the Benban solar power plant
Indian companies are showing strong interest in investing in Egypt’s fertiliser, green hydrogen, and food production sectors, according to a statement from Egypt’s General Authority for Investment and Free Zones (GAFI), reported Daily News Egypt.
During a promotional visit to India, GAFI CEO Hossam Heiba met with Nivruti Rai, CEO of Invest India, and several prominent Indian firms looking for investment opportunities in Egypt.
Heiba emphasized the Egyptian government’s commitment to creating an appealing investment climate. He pointed out major infrastructure projects, including the expansion of road networks by over 20,000 kilometers, the modernization and development of 27 seaports, and numerous renewable energy initiatives, notably the Benban solar power plant in Aswan.
Heiba encouraged Indian investors to consider key Egyptian sectors such as automobiles, home appliances, electronics, textiles, food, pharmaceuticals, education services, and information and communication technology (ICT). These sectors already attract significant foreign investment and offer various incentives.
Rai noted that Indian companies are eager to form partnerships with Egypt’s private sector and contribute to infrastructure development in industrial development, renewable energy, and logistics through collaboration with the Egyptian government.
Heiba and Rai agreed to provide Indian investors with detailed information on partnership opportunities with the Egyptian government, including regulations and frameworks. Plans are also being made for reciprocal promotional visits to identify priority projects for both nations and to launch a dedicated website for showcasing investment collaboration.
As per media report, Indian companies are particularly interested in investing in Egypt’s fertiliser, green hydrogen, and food production industries, which meet the growing demands of the Egyptian and regional markets. Egypt’s strategic location as a hub for investment in Africa and Southern Europe offers Indian firms a valuable platform to expand their reach throughout the region.
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Source Link : https://bioenergytimes.com/indian-companies-eye-investments-in-egypts-fertiliser-green-hydrogen-and-food-production-sectors/
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