Egypt is gearing up to revolutionize its economic relationship with India, targeting a doubling of bilateral trade to $12 billion from the current $2 billion mark in the years ahead. This visionary pledge was articulated by Egyptian Ambassador Kamel Zayed Galal at a key event in New Delhi’s Foreign Correspondents’ Club of South Asia.
The diplomat spotlighted high-potential sectors including energy, manufacturing, agriculture, and enhanced connectivity. Indian capital flowing into Egypt, currently at $3.7 billion, is on track to top $10 billion, signaling strong investor confidence.
Galal implored Indian enterprises to reframe Egypt as a enduring strategic partner rather than a temporary venture. Energy cooperation offers immediate, large-scale prospects, thanks to Egypt’s solar and wind abundance, advancing infrastructure, and seamless links to international sea routes.
Positioned to lead in green energy generation and exports, Egypt also beckons collaboration in fertilizers, agriculture, and industrial production. Its industrial parks and FTAs with African and EU countries provide Indian firms expansive market access.
‘Egypt transcends being a mere sales outlet; it’s a production and export powerhouse,’ Galal emphasized. The nation’s ports and the Suez Canal, vital for 12% of global commerce, cement its role as a trade linchpin.
Building on the 2023 strategic partnership formalized by PM Modi and President Sisi, efforts now prioritize concrete economic gains over formalities. Egypt’s diplomacy—rooted in autonomy, multilateral engagement, and sovereignty respect—aligns seamlessly with India’s, paving the way for transformative bilateral progress.