Ahmed Khattab, a member of the council, told Al-Borsa newspaper that the council’s plan focuses on attracting new investments in sectors such as healthcare, logistics, digital transformation, insurance, and the gold sector, all of which would support economic cooperation between the two countries.
The Egyptian-Canadian Business Council aims to increase Canadian investments in Egypt by 30% this year, surpassing $2.6 billion compared to the current $2 billion.
Ahmed Khattab, a member of the council, told Al-Borsa newspaper that the council’s plan focuses on attracting new investments in sectors such as healthcare, logistics, digital transformation, insurance, and the gold sector, all of which would support economic cooperation between the two countries.
Khattab explained that the plan includes organizing direct meetings with Canadian companies interested in investing in Egypt, to present available opportunities and highlight recent developments in the investment climate.
He added that the Canadian ambassador to Cairo expressed the interest of major Canadian companies in expanding into the Egyptian market, especially given the significant improvement in macroeconomic indicators.
He also pointed out that these targets are supported by the financial and tax policies applied by the government to encourage foreign investment.
Canadian investments in Egypt are primarily concentrated in the petroleum, petrochemical, and heavy industries such as aviation and railways, while Egyptian investments in Canada are limited to individual contributions from Egyptian-Canadian dual nationals.
He noted that the trade exchange between Egypt and Canada currently does not exceed $1 billion, with Egypt exporting agricultural products like citrus and textiles to Canada, and importing wheat from the Canadian market.
