While Trade between Germany and Egypt reached $5 billion in 2018, Germany’s exports to Egypt alone swallowed that, with a report putting it at $7.4 billion. Those numbers are expected to skyrocket in 2019, with the two countries signing up to seven fresh agreements on the platform of the Arab-German business forum, which held in Berlin from June 25 to 27. One of the more significant deals was the one between German fire engines maker Ziegler and Egypt’s Bavaria, a firefighting solutions provider, to manufacture and assemble fire engines and rescue vehicles in Egypt.
Signed under the supervisory commitment of Egyptian PM Mostafa Madbouli, leader of Egypt’s high-powered delegation to the forum, the companies agreed to produce high-quality fire engines and rescue vehicles, useful at airports, tunnels, railways, as well for industries and civil protection, according to best global practices. Bavaria Group chairman Nader Riyad and VP Bavaria Amir Riyad, were joint signatories on the Egyptian side, under the watch of German VP of Ziegler, Paul Rene.
According to the president of the Arab-German Chamber of Commerce and Industry, Peter Ramsauer, Egypt is a huge and promising market for German investors, calling it “the gateway to Africa and the Middle East.” Ramsauer praised the economic and investment climate in Egypt, saying it was an invitation for bigger incursions by global giants.
Lauding the current administration’s removal of historic bureaucracies which had blocked more foreign direct investments in the past, Ramsauer said, “Egypt is witnessing unprecedented infrastructure projects such as the new Suez Canal and the administrative capital, in addition to the large projects in the field of energy.”
Prime Minister Madbouli thanked the Germans for their confidence in his country’s improved investment climate, and noted the “strong relations” between both countries, hoping to “keep the momentum going.”
Fire engines, known as fire trucks or fire appliances elsewhere, are primary firefighting vehicles, which move firefighters and water and other equipment to accident scenes. There’s a possibility that this agreement will expedite fire protection or even automate it in Egypt, by improving mobile and manual firefighting equipment, rejigging the mechanism of operation and warning, and increasing accessibility to fire engines.
By Caleb Ajinomoh.