French Foreign Ministry: France's investments in Cairo total $7 billion

+0.29%

Tadawul All Shares Index

TASI.SA

11581.72

+0.29%

Mubasher - Ahmed Ismail: Didier Bleu, Chief Operating Officer at the French Ministry of Foreign Trade, said that France has invested $7 billion in Egypt, making it the largest European investor in Cairo.

This came during Didier Bleu's speech at the Egyptian-French businessmen's press conference held on Monday.

Didier Bleu stated that there are 2,000 French companies operating in the Egyptian market, 70% of which are small and medium-sized enterprises. He emphasized the importance of French companies expanding in Egypt and entering and exporting to surrounding markets in Africa and the Middle East.

He stressed that the Egyptian-French Business Forum can support companies in expanding into both the Egyptian and French markets.

He added that bilateral discussions will be held between Egyptian and French businessmen during today's sessions.

Didier Bleu stated that a forum for Egyptian and French businessmen will be held in France next month to strengthen relations between the two countries.

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.