Fadel Yacoub, the ambassador of Egypt said that an Egyptian firm is all set to make an investment of $500 million in the energy sector of Pakistan. The firm is designated as EL Sewedy Electric and is taken to be as one of the biggest to have invested in the country’s economy.
As per the ambassador, both the nations are loaded with the potential for investment and trade. He said that they appreciate the business association in Pakistan, particularly the chamber of commerce, for organizing the business trips to Egypt. He further added that the Rawalpindi chamber of commerce has already got the intentions of sending a delegation to Egypt during the span of the next few weeks.
Both nations share strong bilateral relations and each of them is getting the strength with every passing day. Both Pakistan and Egypt have cooperated in the many fields, and the delegation from Egypt have paid the visit to Pakistan and has looked for investment opportunities across the nation.
The Egyptian envoy also added that they have received 2 very important business delegations from Egypt recently which includes a representative from the various big firms. An Egyptian billionaire Naguib Sawiris has already made the investment in the economy of Pakistan and is on the search of finding new ways of investment with the concerned authorities.
He also said that Pakistanis are welcome in the land of Egypt at any time whether the visit is for the business, academic or tourism purposed in general, Egypt wants Pakistanis to pay a visit to their culturally enrich land.
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