Malaysia, Mesir kembang kerjasama perdagangan dan pelaburan, teroka bidang baharu

Malaysia and Egypt are set to intensify their cooperation in trade and investment, exploring new economic sectors, during a joint committee meeting scheduled for the first half of the coming year, announced Malaysian Prime Minister Anwar Ibrahim. During his recent two-day state visit to Malaysia, Egyptian President Abdel Fattah El-Sisi emphasized the potential of this partnership.

The joint meeting, approved by the foreign ministers of both countries, aims to translate the growing bilateral relationship into broader economic opportunities. While trade between the two nations has increased by a remarkable 74.7% this year, the growth began from a low base, providing ample room for future development.

Prime Minister Anwar expressed Malaysia's interest in expanding cooperation with Egypt in several sectors, including semiconductors, electrical and electronics (E&E), agriculture, and pharmaceuticals. He added that Malaysia anticipates the rapidly growing economy, including BRICS countries, as a promising source for pharmaceutical products, with Egypt among the countries capable of fulfilling that demand.

Egypt is seen as a potential destination for pharmaceutical supply, according to Anwar.