Germany's Vice-Chancelor and Minister for Economics and Energy, H.E. Sigmar Gabriel will visit Cairo from 17th - 18th April 2016. The visit has meaning as it comes at a time when Egypt is confronted with major economical and security challenges. The Vice-Chancellor will lead a top level political and business delegation of 150 participants, amongst them 85 entrepreneurs from Germany's private sector.
Germany is Egypt's most important supplier of industrial goods and technology. German exports rose in 2015 by 25,15 % to 3.354,1 Mio. € while Egypt's exports to Germany increased by 13,63% reaching an unprecedented record of 1.734,4 Mio. €. According to Dr. Rainer Herret, CEO of the German-Arab Chamber of Industry and Commerce, these positive results reflect both the trust of Egyptians in quality Made in Germany, as well as the remarkably improved quality of Egyptian products and here in particular that of fresh produce, vegetables, fruits , juices herbs and flowers. This leap in quality was impressively presented at the FRUIT LOGISTICA 2016 exhibition in Berlin, where the Egyptian agricultural sector. was present with 89 exhibitors and Egypt was official partner country at this international event.
The German delegation will attend the 3rd Session of the Egyptian-German Joint Economic Committee. The Joint Economic Committee meets in turn in Berlin and in Cairo. The event has emerged as an essentially important instrument for the fostering of bilateral economic relations between both countries. At present about 70 German companies have established factories in Egypt, employing 23.000 workers.
Topics on the agenda are the promotion of trade, intensification of mutual investment, joint venture in the sector of technical vocational training, as well as enhanced technology transfer. It is expected that Egyptian and germ,an companies will find fruitful grounds for cooperation in particular in the field of renewable energies (RE). Germany is already transferring know how and technology for RE as well as for energy efficiency. German investors are likewise active in Egypt's wind farms as Zafarana and in the Gulf of el Zayet.
On the occasion of the Vice-Chancellor's visit the German-Arab Chamber will celebrate its 65th Anniversary in Egypt. Representing more than 3000 members GACIC is the largest organisation in the framework of business cooperation between Germany and the Arab world. GACIC plays a pivotal role in Egyptian and German business cooperation.
The Chamber has become one of the most innovative providers of services for German Arab trade. A wealth of experience and international contacts form the basis of our work and success in the Arab world and Germany.