Egypt is actively seeking increased Indian investment in the Suez Canal Economic Zone (SCEZ), urging Indian companies to establish industrial operations alongside those of China and Russia in this strategic maritime hub. Egyptian Foreign Minister Badr Abdelatty, speaking at the conclusion of his New Delhi visit, highlighted Egypt’s efforts to provide incentives and ease of doing business for Indian investors across diverse sectors including chemicals, pharmaceuticals, minerals, renewable energy, artificial intelligence, and digitalization.
Bilateral trade between India and Egypt currently stands at $5.2 billion, with plans to double this figure by 2028. Over 55 Indian companies have invested more than $4 billion in Egypt, contributing to significant employment and exports. The Egyptian government, under President Abdel Fattah El-Sisi’s directive, aims to foster a conducive environment for Indian businesses both in traditional industries such as phosphates and fertilizers, and emerging fields like green hydrogen production and AI technologies.
The Suez Canal, a critical global trade artery, has witnessed a downturn due to regional instability, but Egypt remains committed to reinforcing its position as a key connectivity hub, offering Indian companies a strategic gateway to African, Arab, and European markets.
This strategic partnership, underscored during Abdelatty’s meetings with India’s leadership, signals deepening economic and diplomatic ties, with India poised to play a greater role in Egypt’s economic landscape, particularly through investments in the SCEZ.
