The preparatory session for the Egyptian-Finnish Business Forum was inaugurated this Tuesday morning, with the aim of enhancing mutual economic cooperation and exploring actual partnership opportunities.
Mohamed Al-Jousqi, the CEO of the General Authority for Investment and Free Zones, emphasized Egypt and Finland's commitment to strengthening economic ties between the two countries, noting that there are shared visions that unite them across various sectors.
Event Details
Al-Jousqi clarified that Finland has investments in Egypt across multiple fields, including technology and telecommunications. He pointed out that Egypt has witnessed significant development in infrastructure over the past years, which has contributed to attracting investments and creating a favorable environment for investors.
He also mentioned that this transformation has been bolstered by the government's digital transformation strategy, which includes digitizing all services and governing various entities.
Background & Context
In light of the unstable global economic landscape, Al-Jousqi affirmed that Egypt offers reliable investment opportunities that can be counted on, emphasizing that Egypt's strategic location allows it to access African and Middle Eastern markets.
He also stressed that the General Authority for Investment is working to facilitate all procedures for investors entering the Egyptian market, expediting processes and supporting them throughout the launch phase of any project.
Impact & Consequences
Al-Jousqi added that the authority is keen on building partnerships that witness real development, and it is ready to provide full support at all stages of investment, collaborating with Finnish partners to achieve tangible positive results.
For his part, Jarmo Seryala, Deputy Minister of International Trade at the Finnish Ministry of Foreign Affairs, confirmed that Egypt has been and remains a key entry point for Finnish companies into the region, due to its strategic location and pivotal economic role.
Regional Significance
Seryala noted that trade relations between the two countries have shown resilience and strength during recent challenges, highlighting the growth of Egyptian exports to Finland, which reflects a more dynamic and balanced trade relationship.
He also confirmed that the Egyptian economy has become stronger and more resilient, enhancing future partnership opportunities, mentioning that many companies are already successfully operating with local partners in Egypt.