Cairo – Algeria and Egypt are committed to bolstering industrial cooperation and forging advanced partnerships to drive economic development and create joint investment opportunities. This commitment was reaffirmed during a high-level meeting in Cairo, led by Algerian Minister of Industry, Yahia Bachir.
The meeting took place on the sidelines of the 9th session of the Algerian-Egyptian High Joint Committee. The Algerian delegation, which included Minister of Interior, Local Authorities, and Transport, Said Sayoud, was received by Egyptian Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel El Wazir.
Minister Bachir emphasized the need to strengthen industrial integration between the two nations, particularly in strategic sectors such as mechanical and feeder industries. He highlighted the importance of developing joint projects that support productive capacities and facilitate the exchange of technology and expertise.
The Algerian Minister commended Egypt’s significant progress in infrastructure and industry, expressing Algeria’s desire to expand cooperation and explore new investment initiatives that benefit both nations. He noted the potential for mutual growth through strategic alliances and knowledge sharing.
Egyptian Minister Kamel El Wazir welcomed the deepening of industrial cooperation with Algeria, affirming Egypt’s readiness to support initiatives aimed at building integrated industrial systems between the two countries. He stressed the importance of collaboration in achieving sustainable economic development for both nations.
Both parties agreed to continue consultations and intensify coordination between industrial bodies and institutions. They also committed to launching joint projects with added value that enhance Arab industrial integration and open new avenues for investment. The discussions focused on identifying concrete steps to facilitate trade and investment flows between Algeria and Egypt.
Algerian-Egyptian relations have witnessed significant growth in recent years. Trade exchange between the two countries is projected to exceed $1.3 billion this year, reflecting the expanding scope of cooperation across various sectors. This partnership signifies a strong commitment to regional economic growth and stability.
