Hommam Al Nassim 
The head of the Egyptian Commercial Representation, Yehia Al-Wathiq Billah, stated that the Egyptian government aims to attract new Indian investments worth one billion dollars during 2024.
Al-Wathiq Billah said in televised remarks that Egypt aims to increase Indian investments during the coming period by at least 30% in 2024, given the great Indian interest in the Egyptian market.
According to official data issued by the Ministry of Trade and Industry, the value of Indian investments in Egypt during the current period is about $ 3.2 billion, distributed over 52 projects in the fields of food industries, chemicals, and tourism.
The head of the Egyptian Trade Representative added that the Egyptian government seeks to increase the volume of trade exchange with the State of India by between 15 and 20% during 2024, as the volume of joint trade between the two countries reached about $ 7.5 billion in 2023, saying: “We aim to increase this joint cooperation to $ 9 billion during 2024.”
The largest country in the Middle East in terms of population is receiving remarkable interest from Indian companies to implement mega projects on its land in the coming period, as the “Rana Group” is looking to establish a project to produce green hydrogen in Egypt with an expected investment of $ 12 billion, to be invested over the life of the project.
Rana Group is currently conducting a visit in Egypt to discuss investment opportunities in the coming period, as this group is a pioneer in several economic sectors such as electric vehicles, agricultural equipment, satellites, and sustainable energy, including green hydrogen.
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