Egypt eyes more investments, India's role in Suez Canal zone

‘Resolution of Palestinian issue key for stability’

- Rezaul H Laskar [e-mail]

Egypt's foreign minister Badr Abdelatty meets Prime Minister Narendra Modi, in New Delhi on Friday.

(ANI)

Egypt is eyeing more investments from India, especially in emerging sectors such as digitalisation, artificial intelligence and renewable energy, and is keen for India to take ona greater role at the Suez Canal Economic Zone (SCEZ), Egyptian foreign minister Badr Abdelatty said on Friday.

While two-way trade was worth $5.2 billion in 2024-25, including Indian exports of $3.84 billion and imports of $13 billion from Egypt, Abdelatty said both sides are looking to double trade. Indian investors opting for Egypt can benefit from the country’s strategic location and trade deals with African and Arab countries, he said.