French finance minister praises 'noticeable' performance of Egypt's economy

Ahram Online , Wednesday 9 Dec 2020

President El-Sisi told Bruno Le Maire that Egypt hopes to deepen economic ties with France, especially in technology transfer and localising industry

Egypt's President Abdel Fattah El-Sisi during his meeting with France's Minister of Economy and Finance Bruno Le in Paris on Wednesday, 9 December 2020. (photo courtesy of the Egyptian presidency)

France's Minister of Economy and Finance Bruno Le Maire has congratulated Egypt’s President Abdel-Fattah El-Sisi on what he described as the "noticeable" economic performance Egypt has achieved during the current year.

El-Sisi, who is on an official visit to France starting Sunday, received Le Maire at his residence in Paris Wednesday, according to a statement by the Egyptian presidency.

During the meeting, the French minister praised Egypt's "pivotal" role in supporting security and stability in both the Middle East and the Eastern Mediterranean, which consolidates France's keenness on reinforcing cooperation with the Egyptian government in various fields.

El-Sisi told Le Maire that Egypt is looking forward to deepening economic ties with France, especially in localising industry and technology transfer.

He also highlighted the "promising opportunities" provided by major projects in the country and the modernised infrastructure network, in addition to Egypt's improved investment climate.

During a meeting Tuesday with French Prime Minister Jean Castex, El-Sisi said Egypt has achieved the highest growth rate in the Middle East and Africa, and the second-highest growth rate in the world, a matter that bolsters confidence in the investment climate in Egypt.

Over the past couple of days, El-Sisi met with several French officials, including President Emmanuel Macron, along with the French defence and foreign ministers, the mayor of Paris, and other officials and businessmen.

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