Minister of Funding and Overseas Business 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 nations.
The assembly mentioned key problems bearing on high-tech switch and strengthening funding and monetary 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 raring 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 provide era however to localise the producing of elements, serving to to construct a robust technological base and certified Egyptian staff on this important sector.
The ambassador additionally highlighted a hit examples of Czech investments in Egypt, together with a big venture in Sadat Town with investments value $100 million.
This venture provides a a hit fashion of export-oriented production, with 60 in step with cent of its output lately directed to international markets and plans to extend this to 100 in step with cent within the coming levels.
Jukl added that he appears ahead to setting up a high-level Czech trade delegation seek advice from to Egypt to support financial ties and conclude tangible cooperation agreements.
The talks additionally addressed mechanisms to draw Czech project capital and primary pension finances, in particular the BPI fund, to spend money on the Egyptian marketplace.
The 2 facets agreed to shape a technical running workforce 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 extensive participation from main establishments and corporations from each nations.
Egyptian Gazette
Concentrate to the phrase paragraph
