Egypt and Switzerland held a ceremony in Cairo on Monday to mark the 110th anniversary of the Egyptian-Swiss economic and trade relations.
The ceremony was organized by the Swiss Embassy in Cairo.
Egyptian Minister of Investment and International Cooperation Dr. Sahar Nasr، Swiss Foreign Minister Ignazio Cassis، who is currently visiting Egypt، Swiss Ambassador to Egypt Paul Garnier، and representatives of a number of international institutions including head of the Cairo UNDP office Randa Abul Hassan، and Malinne Blomberg، Representative of the African Development Bank in Egypt have attended the ceremony.
Nasr stressed that Switzerland is an important partner in Europe for Egypt، pointing out that the two countries are cooperating in the implementation of development projects worth 330 million Swiss francs (about EGP 5.7 billion) as well as supporting new projects worth 86 million Swiss francs (EGP 1.5 billion) focused on sustained economic growth and creating job opportunities.
The minister praised the volume of Swiss foreign direct investments in Egypt، which amounted to 1.6 billion dollars، adding that another 400 million dollar investments were added over the last two years in the fields of industry، energy، medicines، financial services and food.
The minister pointed out that Egypt is not only a gateway of Swiss investments to Africa، but also to the Arab world، expressing the country’s aspiration to enhance cooperation with Switzerland in Africa under the chairmanship of President Abdel Fattah Al Sisi of the African Union this year.
For his part، the Swiss Foreign Minister expressed his pleasure to visit Egypt as an important opportunity to advance and develop the long-term cooperation relations with Cairo، especially in the light of the 110 years of Egyptian-Swiss trade relations.