German vice-chancellor to meet Sisi; heads 120-member investors delegation

Ahram Online , Sunday 17 Apr 2016

The businessmen will explore investment opportunities in Egypt

File Photo: German Economy Minister Sigmar Gabriel speaks at the Europe's Twin Challenges: Growth and Stability event in the Swiss mountain resort of Davos January 22, 2015.(Photo: Reuters)

German Vice-Chancellor and Minister of Economics and Energy Sigmar Gabriel arrived late Saturday in Cairo heading a delegation of some 120 investors to talk business and meet with Egyptian President Abdel-Fattah El-Sisi, state news agency MENA reported.

The visit is expected to include the signing of economic agreements and memoranda of understanding.

The investors will be presented with possible investment opportunities in Egypt.

Egyptian Foreign Minister Sameh Shoukri met with Gabriel in Germany in January.

Germany and Egypt hope to bi-lateral trade would surpass 2015's value of 4.4 billion Euros, foreign ministry spokesperson Ahmed Abuzeid said in January.

Last June, the German giant Siemens signed an 8 billion Euro deal with Egypt to supply and develop gas and windpower plants.

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