Thursday 14 Nov

News

Egypt-Finland partnership to boost investments


Egypt-Finland partnership to boost investments

Mohamed Ghanem, the Egyptian Ambassador to Finland, met with Birgit Nevala, Director of the Finnish Partnership Program at the Finnish Ministry of Foreign Affairs and a program of the government-owned FinnFund. The meeting took place ahead of the program representatives' visit to Cairo to participate in the Doing Business with Finland Forum, scheduled for the end of this month under the auspices of the Finnish Embassy.

The forum will focus on cooperation in the fields of health, pharmaceuticals, education, information and communication technology, and the supply of food and agricultural products, aligning with the Egyptian government's 'Start' initiative for industrial development.

The meeting focused on identifying potential areas of collaboration between Egypt and Finland, with a particular emphasis on boosting investment and trade partnerships.

Egypt reiterated its commitment to economic cooperation and supporting youth entrepreneurship. The meeting explored ways to foster trade partnerships, provide financing for youth projects, and strengthen connections between Egyptian and Finnish startups.

The Finnish Partnership Program offers grants of up to €400,000 to Finnish companies collaborating with Egyptian private sector firms on projects in renewable energy, digital infrastructure, or agricultural product imports. This initiative aims to foster cooperation and support sustainable development.