Egypt is a country with an amazing ancient history, which confidently looks to the future.
This is our fourth visit in the last six months and every time we see positive changes: the black market has left, the opportunity to buy currency inside the country has appeared, limits on currency withdrawal for individuals have been increased.
The changes have affected not only the financial sector, but the sectors of infrastructure, housing and industrial construction also show high growth.
Ambitious projects are currently being implemented, such as the creation of a new Egyptian capital 80 km from Cairo with the tallest building in Africa.
The Mediterranean coast is also developing, modern residential and tourist complexes are being built, driving the chaos of street trade into the cramped medieval streets of the old city.
Beautiful locations and modern infrastructure are the face of the future of Egypt!
Against this background, the business circles of Egypt are interested in cooperation with the Russian Federation.
An important role in this is played by the new status of Egypt as a BRICS member and the ongoing joint project of building a nuclear power plant in Al-Dabaa.
In our opinion, currently the most promising areas of cooperation for Russian small and medium-sized enterprises are the fields of construction and food, including animal feed.
Egyptian colleagues are considering the possibility of investing in our technologies and are focused on partnership work in Egypt, ensuring the most comfortable conditions for entering the market.
At the moment, there are proposals from Egyptian investment funds for the construction of a feed mill, the organization of permanent food supplies, as well as the joint implementation of construction projects.
Within the framework of the business mission organized by the Udmurt Republic Development Corporation, on July 26, 2024, a meeting was held with the Alexandria Association of Businessmen ABA (special thanks to colleagues for the excellent reception), where the desire and intention to deepen cooperation at the business level was confirmed, and it was also noted that the opening of joint ventures with maximum preferences would be a significant help for this tax benefits and the opportunity to work with the local currency, which will significantly increase the turnover of funds, reach target customers and simplify the withdrawal of funds to Russia, which is the main problem today.
💬It is worth noting the work of our Trade Representative Office and thanking our esteemed colleagues for their active involvement and possible assistance to our exporters. We are confident that through joint efforts we will be able to realize the huge potential of mutually beneficial trade, because Egypt is not only a 110 million market, but also opens the gates to the billion-dollar market in Africa.
Our team will be glad to provide qualified assistance in the implementation of your projects both in Egypt and in other countries of our presence.