Bilateral trade between Egypt and India, presently around $2 billion, is set for a dramatic leap to $12 billion as Cairo commits to doubling volumes in the foreseeable future. Egypt’s envoy to India, Kamel Zayed Galal, shared this roadmap while addressing the Foreign Correspondents’ Club of South Asia in New Delhi.
Key growth drivers include energy, manufacturing, agriculture, and connectivity, where synergies abound. With $3.7 billion in Indian investments already, projections point to over $10 billion, Galal forecasted.
He urged Indian businesses to embrace Egypt as a strategic, long-haul partner. Energy leads with Egypt’s solar, wind riches, solid infrastructure, and strategic maritime access, enabling it to spearhead green energy output and trade.
Further, Galal anticipates deepened ties in fertilizers, agribusiness, and manufacturing, amplified by Egypt’s industrial zones and trade deals spanning Africa and Europe. ‘We’re a platform for manufacturing and exporting, beyond just a consumer market,’ he stated.
Egypt’s Red Sea-Mediterranean ports and the Suez Canal—handling one-eighth of world trade—offer unparalleled logistics edge. The Modi-Sisi summits elevated ties to strategic partnership in 2023, redirecting energies toward impactful economic deliverables.
Discussing foreign policy, the ambassador underscored Egypt’s dedication to independent strategy, broad cooperations, and sovereignty—values echoing India’s stance, and promising a robust foundation for mutual advancement.