Cairo: The Egyptian Commercial Service (ECS), in collaboration with the Egyptian Businessmen's Association (EBA), organized a large-scale meeting to explore opportunities for exporting real estate development services to African markets. This initiative is part of Egypt's broader efforts to enhance its presence in Africa and support the state's plans to increase service exports.
According to State Information Service Egypt, the meeting was attended by key figures, including Minister Plenipotentiary Dr. Abdel Aziz El-Sherif, the First Undersecretary of the Ministry and Head of the Egyptian Commercial Service, as well as Minister Plenipotentiary Mr. Fadel Yacoub, the African Affairs Department Director at ECS. Representatives from ten Egyptian commercial offices located across Africa also participated.
The participating offices, based in cities such as Kinshasa, Dar es Salaam, Pretoria, Abidjan, Dakar, Kampala, Lusaka, Nairobi, Lagos, and Accra, provided insights into the opportunities available in their respective markets. They focused on sectors like real estate development, contracting, and engineering consulting, presenting these as promising avenues for Egyptian companies.
Dr. Abdel Aziz El-Sherif highlighted the significance of this meeting in enhancing coordination between the commercial service and the business community. He noted that the successes of Egyptian companies in national projects within Egypt could be leveraged to establish a stronger presence in the growing African markets.
The involvement of the ten commercial offices aligns with a comprehensive plan to support the export of Egyptian services. This strategy aims to equip the business community with accurate information, facilitate communication with both governmental and private entities in African countries, and foster an environment conducive to Egyptian participation in urban development and infrastructure projects.
Concluding the meeting, the Businessmen's Association expressed gratitude for the ongoing cooperation with the ECS. They affirmed that such meetings directly enhance the Egyptian presence in Africa, opening wider horizons for partnerships and joint investments.