Minister of Funding and Overseas Industry Mohamed Farid Saleh hung on Tuesday, April 28, 2026, expanded talks with Czech Ambassador in Cairo Ivan Jukl, and the embassy’s industrial counsellor, Ondřej Kočí, to discover techniques to deepen the commercial co-operation between the 2 international locations.
The assembly mentioned key problems referring to high-tech switch and strengthening funding and fiscal co-operation.
The talks mirror the deep-rooted strategic partnership between Cairo and Prague, Saleh stated, stressing that the present imaginative and prescient specializes in attracting “quality investments” that transcend conventional provide fashions in opposition to the localisation of complicated applied sciences.
“We aim, through these partnerships, to deepen local manufacturing and enhance the efficient utilisation of mineral resources, particularly in southern regions, Sinai and the Eastern Desert, by leveraging advanced drone technologies used by Czech companies in geological surveying and analysis,” the minister stated.
Egypt is eager to offer all vital incentives to draw Czech funding and pension finances to the native marketplace, he added, noting that arrangements are underway for the impending joint financial committee assembly in Prague.
For his section, Ambassador Jukl stated the target of the talks isn’t simply to offer era however to localise the producing of parts, serving to to construct a powerful technological base and certified Egyptian personnel on this important sector.
The ambassador additionally highlighted a hit examples of Czech investments in Egypt, together with a big mission in Sadat Town with investments value $100 million.
This mission gives a a hit fashion of export-oriented production, with 60 according to cent of its output these days directed to international markets and plans to extend this to 100 according to cent within the coming levels.
Jukl added that he seems to be ahead to establishing a high-level Czech industry delegation consult with to Egypt to toughen financial ties and conclude tangible cooperation agreements.
The talks additionally addressed mechanisms to draw Czech challenge capital and main pension finances, specifically the BPI fund, to spend money on the Egyptian marketplace.
The 2 facets agreed to shape a technical operating staff to carry extensive conferences to translate those understandings into concrete initiatives, forward of presenting them on the joint financial committee consultation scheduled to be held in Prague, with huge participation from main establishments and firms from each international locations.
Egyptian Gazette
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