Egypt’s Minister of Investment and Foreign Trade, Mohamed Farid, held talks with Uzbekistan’s Minister of Foreign Affairs, Bakhtiyor Saidov, to discuss ways to strengthen investment and trade cooperation between the two countries, as well as partnership opportunities between the Egyptian and Uzbek business communities across a number of sectors of mutual interest.

During the meeting, the two sides discussed several areas of common interest, including cooperation in textiles and ready-made garments, pharmaceuticals and medical supplies, bus and tractor manufacturing, investment opportunities in Egypt’s capital market, and enhanced cooperation between investment institutions and sovereign funds.

The discussions also covered ways to support direct communication between the two countries’ business communities to explore partnership and investment opportunities in the coming period through Egypt’s investment zones system.

Farid affirmed Egypt’s keenness to strengthen its economic relations with Uzbekistan as part of the state’s broader strategy to expand cooperation with promising markets. He highlighted Egypt’s investment potential, strategic location, and trade agreements that provide access to several regional and global markets.

The minister also noted that his ministry is working to provide an attractive and investment-friendly business environment. He welcomed the expansion of Uzbek companies in the Egyptian market and their efforts to benefit from available investment opportunities, which would help increase joint investments and boost trade between the two countries.

For his part, Uzbekistan’s Foreign Minister Bakhtiyor Saidov affirmed his country’s interest in strengthening economic cooperation with Egypt, describing it as an important partner in the region. He noted that Uzbekistan is implementing ambitious programs to attract and diversify foreign investments and enhance cooperation with friendly countries.

Saidov also pointed to the interest of Uzbek companies in exploring investment opportunities and expanding in the Egyptian market, especially in light of Egypt’s competitive advantages and promising opportunities for investors. He stressed Uzbekistan’s keenness to enhance communication between business institutions in both countries to advance joint cooperation projects.