Egyptian business giving great importance to South Africa

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The Federation of Egyptian Industries (FEI) was in full support of the policy of Egyptian President Abdel Fattah el-Sisi to strengthen the country’s relations with the rest of Africa. “As a business community, we will endorse our Government’s role in Africa,” affirmed FEI African Cooperation Committee Chairperson Dr Sherif El Gabaly, at the joint FEI/South African Chamber of Commerce and Industry (SACCI) Egypt/South Africa Trade and Investment Forum in Johannesburg on Thursday. (El Gabaly headed the FEI delegation.) “Our main task is to develop our relations with different African countries,” he stated. “We’re giving South Africa great importance. … We have a great role to play in Africa.” This had not previously been the case, on both sides. “On the whole, we did not have enough contacts between the two biggest economies in Africa,” he noted. While accepting that the structures of the economies of the two countries were similar, he argued that there were also synergies between them.

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