In a bold move to strengthen economic bonds, Egypt aims to catapult its bilateral trade with India from nearly $2 billion to $12 billion over the next few years. This announcement came from Egypt’s Ambassador to India, Kamel Zayed Galal, during an address at the Foreign Correspondents’ Club of South Asia in New Delhi.
Galal outlined promising avenues in energy, manufacturing, agriculture, and connectivity, stressing the mutual benefits of partnership. With Indian investments in Egypt reaching $3.7 billion and expected to exceed $10 billion, the envoy called on Indian companies to adopt a long-term perspective toward Egypt.
‘Don’t see Egypt as a fleeting trade destination—it’s a strategic ally for the future,’ he advised. Energy collaboration tops the list, leveraging Egypt’s rich solar and wind potentials, robust infrastructure, and proximity to vital maritime routes.
The ambassador envisioned Egypt emerging as a green energy powerhouse, exporting sustainable power globally. Opportunities extend to fertilizers, farming, and manufacturing, bolstered by Egypt’s free trade pacts with Africa and Europe.
Egypt’s prime geography—Red Sea and Mediterranean ports plus the Suez Canal, which manages 12% of world trade—transforms it into a global trade nexus. Post the strategic partnership upgrade in 2023 between PM Modi and President Sisi, focus has pivoted to delivering real economic results.
Galal elaborated on Egypt’s foreign policy ethos: embracing strategic independence, diverse partnerships, and national sovereignty without rigid blocs. This philosophy mirrors India’s, fostering deeper collaboration and shared growth in a multipolar world.