Investment Opportunities in Automotive, Renewable Energy With South Africa

Chairman of the Industrial Development Authority (IDA) Ismail Gaber stressed keenness of the Ministry Industry on strengthening relations with South Africa on the bilateral and regional level.

Gabre referred to a cooperation agreement with South Africa in the fields of car feeding industry, agricultural crops, mineral wealth, new and renewable energy, irrigation technology and investment in dry ports and technology centers.

This came during the second meeting of the joint taskforce on industry between Egypt and South Africa.

For his part, head of the South African delegation stressed importance of cooperation with Egypt in the field of industrial development. He added that several investors in South Africa are looking for entering in economic partnerships with Egyptian investors in various fields.