Africazine:
Egypt is actively pursuing stronger economic ties with Belarus to enhance local manufacturing and industrial capabilities.
Minister of Investment and Foreign Trade Mohamed Farid Saleh met with Belarus Ambassador Yevgeny Sobolevsky to discuss expanding economic cooperation. The focus is on increasing local manufacturing and attracting value-added industrial investments, with current production lines achieving local content levels of up to 45%.
Strengthening Egypt-Belarus Economic Ties
During the discussions, both parties emphasized the importance of deepening local manufacturing. Egypt aims to attract investments that enhance competitiveness and support growth. The government is committed to technology localization and maintaining high standards for food safety and consumer protection.
The talks also highlighted potential cooperation in manufacturing heavy equipment, including tractors, trucks, and buses. This collaboration is expected to bolster local production capabilities and create more job opportunities.
Key Figures on Egypt’s Manufacturing Goals
- Local content levels of up to 45%
Upcoming Initiatives and Collaborations
- A joint business forum is scheduled in Minsk on May 7.
- Reactivation of the joint industrial cooperation group.
- Preparation for the next session of the Egypt-Belarus joint committee.
Egypt is committed to enhancing its industrial landscape through strategic partnerships and local manufacturing initiatives.
