Rawalpindi: Egypt’s Ambassador in Pakistan Ahmed Fazl Yaqoob said on Thursday that several Egyptian companies were willing to invest in Pakistan’s construction sector.
He expressed his views on the matter during a meeting with representatives of the Rawalpindi Chamber of Commerce & Industry (RCCI). Muhammad Badar Haroon, acting president of the chamber, led the delegation.
The Egyptian envoy said that trade between his country and Pakistan stood at a mere USD 25 million recorded figure. He stressed the need to increase trade volume during the next five years.
He further stated that Egypt accords great importance to its ties with Pakistan; adding that the Egyptian embassy would provide all possible assistance to RCCI for organising the planned ‘Business Trade Africa Forum’.
In response, Badar Haroon emphasised the need to explore new markets for promoting bilateral trade. Tourism is one such sector which promises attractive investment opportunities. He said Egypt could import food items, medicine, and machinery from Pakistan.
The RCCI head also referred to the business forum, and stated that this platform would be used to apprise traders about investment opportunities in African markets.
The forum will take place on February 26. Representatives of major companies, ambassadors, ministers, businessmen, and members of the African parliament are reportedly scheduled to attend.
