3 days ago
Egypt's FM meets with group of senior Moroccan businessmen, bank heads
Egyptian Foreign Minister Badr Abdelatty held a meeting on Wednesday, May 28, with a group of senior Moroccan businessmen and Heads of Moroccan banks in Rabat.
CAIRO – 29 May 2025: Egyptian Foreign Minister Badr Abdelatty held a meeting on Wednesday, May 28, with a group of senior Moroccan businessmen and Heads of Moroccan banks in Rabat.
The meeting was attended by the Member of the House of Representatives and Chairman of the African Affairs Committee, the Egyptian Ambassador to Morocco, and the Head of the Egyptian Commercial Representation Office in Rabat, Dr. Sherif El-Gebali.
During the meeting, Minister Abdelatty reviewed the performance of the Egyptian economy and the efforts undertaken by the Egyptian state to enhance the investment climate, foster partnerships with the private sector, and attract foreign investments.
He highlighted a series of measures aimed at facilitating customs and trade procedures and providing tax incentives, in addition to implementing numerous structural reforms. The success of these reforms is evidenced by the recent positive financial and economic indicators observed in the Egyptian economy.
Minister Abdelatty further affirmed Egypt's keenness to develop bilateral relations between the two brotherly countries in all fields, taking into consideration the promising opportunities available to establish successful and mutually beneficial partnerships.
He presented Egypt's comprehensive vision for strengthening bilateral relations in a manner that contributes to achieving economic, trade, and industrial integration serving the interests of both parties. Minister Abdelatty also referred to the agreement reached between Egypt and Morocco during the visit of the Egyptian Minister of Investment and Foreign Trade to Morocco in February 2025, which aims to facilitate trade exchange and promote investment flows.
Minister Abdelatty further pointed to the ongoing visits and coordination between the Ministers of Trade in both countries, as well as the outcomes of the Egyptian-Moroccan Business Forum held on May 4 in Cairo, with the participation of 148 companies from both sides.
He expressed hope that the trade agreements between the two countries would help open new markets for their products, particularly in African markets, and lead to the establishment of commercial and investment partnerships and joint projects across various economic sectors. Minister Abdelatty also emphasized the importance of holding regular economic meetings and forums between the two countries to enhance bilateral integration.
An interactive discussion was held with the Moroccan businessmen, during which various Egyptian investments in Morocco and Moroccan investments in Egypt were reviewed, along with means to further enhance such investments including an agreement to arrange reciprocal visits for businessmen from both sides in the near future.
The attendees commended the measures adopted by the Egyptian government to improve the investment climate and facilitate access to the Egyptian market. They affirmed the promising opportunities available to expand into neighboring African markets by leveraging the existing trade frameworks and agreements between Egypt and Morocco.
