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Danish companies to expand their businesses in Egypt - Daily News Egypt

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Danish companies to expand their businesses in Egypt

We had a very fruitful meeting with Minister Nasr, says head of trade council at Danish embassy


Danish companies in Egypt will announce new investments in the Egyptian market as they see huge potentials in the country, Hanzada Farid, Head of Trade Council at the Danish embassy in Cairo, said.

“We had a very fruitful meeting with Minister of Investment and International Cooperation (MIIC), Sahar Nasr, on Thursday. The minister went an extra mile to provide support to Danish businesses,” Farid told Daily News Egypt.

The meeting included the ambassador of Denmark, Tomas Anker Christensen, in addition to representatives of about four major Danish companies, Farid added, noting that the participants also took a tour at the New Investment Center to closely identify its services where all the participants asserted a rebound over the MIIC services.

Meanwhile Minister Nasr showed strong support toward Danish companies, and the ambassador asserted that he will convey the positive message to the Danish business community, Farid said.

Danish investments in Egypt hiked by 89.5% over the fiscal year (FY) 2017/18 up to $33.5m compared to FY 2016/17, according to the Central Bank of Egypt’s (CBE) statistics.

The Danish ambassador to Cairo is actively meeting with Egyptian ministers including Minister of Investment and International Cooperation, Sahar Nasr, Minister of Finance, Mohamed Moeit, Minister of Environment, Yasmin Fouad, and Minister of Electricity, Mohamed Shaker, according to a Daily News Egypt previous report in January 2019.

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