Eng. Ibrahim Mahmoud Al-Arabi, President of the General Federation of Chambers of Commerce, stated that it was agreed with Genidi Shizikov, President of the Federation of Ukrainian Chambers, during his visit to Cairo, to organize a number of activities to develop economic relations and link companies from both sides in various sectors, and this came within the framework of the Federation of Chambers of Commerce plan to support The economy through developing merchandise and service exports and attracting investments.
He explained that these activities will start with a hypothetical conference and bilateral meetings on March 18, followed by the Egyptian-Ukrainian Business Forum that will be held in April in Cairo in conjunction with the eighth meeting of the Ministerial Committee for Economic and Scientific Cooperation headed by Dr. Rania Al-Mashat, Minister of International Cooperation, followed by a specialized forum for agriculture and food industries in Cairo with a delegation participating From the Ukrainian Farmers Union, then concludes with the organization of an Egyptian delegation to Ukraine next June, in conjunction with the visit of His Excellency the Minister of Foreign Affairs Sameh Shoukry
Al-Arabi emphasized that all this is done in coordination with Assistant Foreign Minister for European Affairs Dr. Badr Abdel-Ati, Egypt's Ambassador to Ukraine Ayman El-Gammal, and Evhen Miketenko, Ukraine's ambassador to Egypt, who participated in the coordination meetings.
Al-Arabi explained that the aim of these activities is to achieve a balance in the trade balance, which exceeded 2.6 billion dollars and tilts towards Ukraine due to wheat imports, as well as attracting Ukrainian investments in Egypt, which exceeded 400 million dollars in the sectors of communications, construction, finance, services, tourism, industry and agriculture, in addition to investments. In the exploration and extraction of oil and gas with more than 500 million dollars, in several oil fields in the Alam Al-Shawish region on the border with Libya, as well as the development of tourism, as Ukraine is now at the top of inbound tourism to Egypt with more than 727 thousand in 2020 during the Corona pandemic, as Ukraine was one of the first The countries that returned to Egypt last July as soon as aviation returned after its closure, with dozens of flights a day to Hurghada and Sharm El Sheikh and three regular flights a week from Kiev to Cairo, and we expect the number of tourists to increase in 2021 to exceed the 2019 figures, which exceeded 1.5 million tourists. In that year, it ranked second after Germany.
Al-Arabi stressed that Egypt is Ukraine's largest trading partner in Africa and the Middle East, which will grow with the trend of Ukrainian companies to use Egypt as a gateway to enter African markets through joint industrialization.
Al-Arabi added that there are more than 5,000 Ukrainian citizens living on the land of Egypt, and that there are more than 3,500 Egyptian students studying in Ukrainian universities with an advanced global status.
Dr. Alaa Ezz, Secretary-General of the Union stated that the virtual forum on March 18th will focus on cooperation in the sectors of agriculture and food, medicine and medical supplies, oil and gas, investment and joint manufacturing for the purpose of re-exporting to free trade zones that exceed 3.1 billion consumers in Africa, the Arab world and the European Union. And South America.
Ezz indicated that the forum will be spoken by the presidents of the two federations, Eng. Ibrahim El-Araby and Junaidi Shizikov, then the ambassadors of the two countries, Ayman El-Gammal and Evehen Mikitenko, then the deputy foreign ministers, Dr. Badr Abdel-Ati and Dimitrio Senik, then the deputy ministers of trade, Ibrahim El-Sejiny and Tarar Kashka, then the ministers of supply His Excellency Dr. Ali Al-Moselhi and His Excellency Olga Trovemaseva, then the presidents of the grain committees Islam Salem and Nikolai Gurachov, then the presidents of the Medicines and Medical Supplies Committees Dr. Ali Auf and Vladislav Strachani, then a presentation on the tripartite cooperation and investment opportunities from the President of the Ukrainian Investment Authority Sergei Tsevkash and the Secretary General of the Federation of Chambers of Commerce.
He explained that companies from both sides will present themselves at the end of the forum and bilateral meetings will be held to network companies with the aim of creating trade and investment alliances.
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