Browsing: Egypt and Canada

Egypt-Canada trade exchange reaches $1.7bn


The volume of trade exchange between Egypt and Canada currently totals $1.7 billion, according to Hala El-Said, Egypt’s Minister of Planning and Economic Development.

She added that the figure is expected to continue increasing due to the mutual interdependence and cooperation between Egypt and Canada and the strength of the Egyptian economy.

She also noted that there’s an excellent relation between the two countries and increased cooperation is needed in various fields, such as artificial intelligence( AI) information exchange.

El-Said added that Canada’s private sector plays a pivotal role in the country, noting that a Canadian company has been awarded the electric monorail project contract in Egypt’s New Administrative Capital (NAC).

El-Said remarks came during her participation in a recent discussion held by the Canada-Arab Business Council via video conference, which discussed the economic and investment relations between the two countries.

Among those present for the virtual discussion were …