Prime Minister Moustafa Madbouly met with 40 representatives from major South African companies and research institutions in Johannesburg on Thursday while leading Egypt’s delegation to the ongoing G20 Summit that wraps today, according to a cabinet statement. The meeting discussed boosting economic, trade, and investment ties between the two countries.

Madbouly emphasized that the government is committed to removing investment barriers and offering incentives to encourage more South African capital inflows into Egypt. He also highlighted key investments in renewable energy, EV manufacturing, pharma, and the Suez Canal Economic Zone, noting that the zone offers a cost-competitive environment and duty-free access to global markets.

PLUS- President Abdel Fattah El Sisi met with South Korean President Lee Jae-myung and oversaw the signing of two MoUs in culture and education, according to an Ittihadiya statement. The two also discussed boosting Korean investment in Egypt in sectors including ICT, automotive manufacturing, shipbuilding, pharma, and mining.

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