German company pumps 50M Euros into Egypt
Minister of Foreign Badr Abdul Atty - YOUM7 (Archive)

CAIRO: The Egyptian embassy in Berlin will organize a visit for a delegation of German investors to Egypt scheduled to be held this month, Youm7 reported Tuesday.

Egyptian Ambassador to Germany Badr Abdel Aaty revealed that Henkel Petrochemical Company intends to invest 50 million Euros ($56 million) to build a factory in October 6 City.

He added that German Siemens Company is scheduled to expand its activities and projects in Egypt in the coming period, stressing that the current atmosphere is suitable for increasing the investments in Egypt.

This visit comes in a preparation for the upcoming visit by German Economic Minister and Vice Chancellor of the Federal Republic of Germany Sigmar Gabriel to Egypt from April 16 to 18, who will be accompanied by 130 potential investors, Badr Abdel Aaaty told Associated Press.

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