PM: Egypt seeks to boost mutual investment opportunities in Tanzania
Prime Minister Mostafa Madbouly expressed hope that Tanzania’s participation in the “Alamein-Africa Business Forum” would help expand mutual investment opportunities, noting Egypt’s strong interest in increasing Egyptian investments in Tanzania and the readiness of Egyptian companies to expand their presence in the Tanzanian market across various development sectors. The Prime Minister made his…
Egyptian Prime Minister Mostafa Madbouly expressed optimism that Tanzania's involvement in the "Alamein-Africa Business Forum" would facilitate the growth of mutual investment prospects. He conveyed Egypt's keen interest in expanding its investments in Tanzania and the willingness of Egyptian firms to bolster their presence in the Tanzanian market across diverse developmental sectors.
During a meeting with Tanzanian Vice President Dewa Mwakasege Ndejembi and his delegation at the forum in New Alamein, the Prime Minister outlined several areas of cooperation, including investment, transportation, ports, agriculture, and healthcare. Madbouly pledged Egypt's readiness to share its expertise and assist Tanzania in enhancing its ports and transportation infrastructure, notably the expansion of Dar es Salaam Port.
He also proposed exploring a joint agricultural project aimed at reclaiming land in Tanzania and offered medical support, including dispatching medical convoys and training Tanzanian doctors in Egyptian hospitals. Madbouly reiterated Egypt's stance on the Nile water dispute, emphasizing its backing of various Nile Basin development initiatives, such as dams in Sudan, Uganda, and the recent Julius Nyerere Dam and Power Station in Tanzania. He stressed Egypt's commitment to protecting its water rights.
Tanzanian Vice President Ndejembi conveyed greetings from President Samia Suluhu to President al-Sisi and underscored the enduring and valuable relationship between Egypt and Tanzania. He highlighted the Julius Nyerere Dam as a significant development project emblematic of bilateral collaboration and commended the efforts of the Arab Contractors and Elsewedy Electric consortium executing the project.
Ndejembi expressed interest in leveraging Egypt's experience in transportation and ports, particularly in expanding Dar es Salaam Port, with the Tanzanian Transport Minister scheduled to visit Egyptian seaports. The two sides also discussed intensifying healthcare cooperation and training Tanzanian medical professionals in Egypt.
Egypt reaffirmed its commitment to fostering sustainable development projects in the Nile Basin, emphasizing the significance of international law and mutual benefit among all basin nations.
Written by urgent.news from Egypt Independent's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
