These companies are operating in the sectors of ICT, banking, electricity and energy, construction, resourcing, aviation, transport, healthcare, pharmaceuticals, automotive, garments, and maritime transportation.
France emerges as one of the most prominent country investing in Egypt in various sectors with investments amounting to about $7.2 billion through 940 French companies operating in Egypt, Prime Minister, Mostafa Madbouly said.
These companies are operating in the sectors of ICT, banking, electricity and energy, construction, resourcing, aviation, transport, healthcare, pharmaceuticals, automotive, garments, and maritime transportation.
This came during his meeting with members of the French Chamber of Commerce and Industry, and officials of major French companies operating in Egypt.
During the meeting, the representative of Saint-Gobain Egypt Glass announced that the company set a plan to invest € 300 million euros in Egypt during the next 3 years and that € 200 million has already been approved.
Additionally, the company submitted a proposal to the Ministry of Trade and Industry to establish a factory in Sadat City with entirely foreign direct investments amounted to € 40 million.
The Prime Minister expressed his aspiration for French companies to pump more investments into Egypt, especially in the transportation sector.
Madbouly also expressed Egypt’s willingness to cooperate with French companies in the field of localization of the automobile industry, especially electric cars.
