Lagos:Nigeria's Dangote Group, one of the continent's largest industrial conglomerates, has expressed interest in expanding into the Egyptian market. This move is part of its strategy to strengthen its presence in African markets and expand its production projects.

According to State Information Service Egypt, the announcement was made during a visit by a high-level Egyptian delegation led by Investment and Foreign Trade Minister Mohamed Farid to the Dangote Industrial Complex in Lagos, Nigeria. The delegation met with Aliko Dangote, chairman and CEO of the group, to explore investment opportunities and industrial partnerships, particularly in refining, petrochemicals, fertilizers, and manufacturing industries.

Minister Farid emphasized that the visit aims to convert economic and diplomatic engagement between Egypt and Nigeria into tangible investment opportunities and industrial partnerships. With a combined population of around 400 million, the two markets provide a broad base for industrial and investment integration, offering new prospects for companies in both countries.

Dangote reaffirmed the group's commitment to expanding its investments in Africa and supporting industrialization and economic development. He expressed his desire to strengthen cooperation with Egyptian companies and explore new investment opportunities in the Egyptian market.

Additionally, the Egyptian Ministry of Petroleum and Mineral Resources highlighted Egypt's competitive advantages as a promising destination for refining and petrochemical projects, supported by advanced infrastructure. This includes ports, storage facilities, and networks for transporting and handling petroleum products, offering opportunities to establish projects serving domestic needs and targeting exports.

The discussions align with Dangote's Vision 2030 strategy, aiming to expand industrial investments across Africa, strengthen regional value chains, and promote the continent as a globally competitive industrial hub.