Egypt supports Valeo's expansion with new AI development center

Egypt's Prime Minister invites Finnish firms to explore investment opportunities

Prime Minister Mostafa Madbouly participated in the Egypt–Finland Business Forum in Cairo, held under the patronage of Finnish President Alexander Stubb. Madbouly highlighted the strong ties and growing economic cooperation between the two nations, emphasizing shared ambitions for innovation, sustainability, and long-term growth. He noted Finland's leadership in digital transformation, education, and green technology, while presenting Egypt as a strategic entry point to the Middle East and Africa, supported by a young population and extensive infrastructure development. Madbouly detailed Egypt's structural reforms to improve the business environment, including strengthening investment protection, streamlining business setup, and expanding infrastructure, particularly through the Suez Canal Economic Zone. He also underscored Egypt’s commitment to green transformation, aligning with Finland’s strengths in renewable energy and circular economy solutions. The Prime Minister encouraged Finnish companies to explore opportunities in digital transformation, information and communications technology, clean energy, water, education, healthcare, and manufacturing, citing prospects in 5G, artificial intelligence, green hydrogen, desalination, waste-to-energy, and joint industrial projects. He mentioned Egypt’s trade agreements, including the African Continental Free Trade Area, providing access to a market of 1.3 billion consumers. Madbouly reiterated the government's commitment to partn