Djibouti's Minister of Trade and Tourism, Orbis Heil Orbis, led a high-level delegation to Egypt, which included Djibouti's Ambassador to Cairo, Ahmed Ali Brei, and the General Secretary of the Ministry of Trade, Ali Daoud Abdu. The visit aimed to enhance cooperation between the two countries and explore new opportunities for trade and investment. The delegation met with several Egyptian government officials, including the Minister of Investment and Foreign Trade, Dr. Mohamed Farid Saleh.
During the visit, Orbis and Saleh signed a protocol agreement to promote trade cooperation between the two countries. The agreement aims to increase bilateral trade and encourage investment partnerships. Additionally, Orbis and Egyptian Minister of Tourism and Antiquities, Sherif Fathy, signed a memorandum of understanding to enhance tourism cooperation, including tourism promotion, investment in tourism activities, and training for hotel staff.
The Djibouti-Egypt talks also resulted in a memorandum of understanding between the two countries' business communities, aiming to convert available opportunities into actual projects and partnerships. The agreement was signed with the Egyptian Federation of Chambers of Commerce. Furthermore, the visit explored new avenues for cooperation in food industries, agriculture, and the financial sector, particularly through discussions with Bank of Egypt.
The agreements signed during the visit reflect the commitment of Djibouti and Egypt to strengthening their bilateral relations and converting signed agreements into practical projects that attract investment, create jobs, and expand economic opportunities for both countries. Djibouti's Minister of Trade and Tourism emphasized the importance of the visit in promoting economic cooperation between the two nations.
This visit marks a new milestone in the Djibouti-Egypt partnership, solidifying Djibouti's position as a regional platform for trade, logistics, and investment. The visit also highlights the two countries' efforts to diversify their economies and enhance their competitiveness in the global market. Egypt is a key trade partner for Djibouti, and the agreements signed will likely boost trade and investment between the two countries.
The tourism cooperation agreement is expected to increase tourist exchanges between the two countries and promote cultural exchange. The agreement will also facilitate the exchange of expertise in hotel management and tourism development. Djibouti's tourism sector is growing, and the country is looking to learn from Egypt's experience in this field.
The economic ties between Djibouti and Egypt are expected to strengthen further, with both countries seeking to increase trade and investment. The agreements signed during the visit will provide a framework for future cooperation and are a positive step towards deepening the economic relationship between the two countries.
Key points
- Djibouti and Egypt have signed agreements to boost trade and investment, including a protocol agreement to promote trade cooperation and a memorandum of understanding to enhance tourism cooperation.
