Egypt's President meets with Azerbaijani businessmen in Baku-PHOTO

# 27 January 2023 21:52 (UTC +04:00)

On January 27, the President of the Arab Republic of Egypt Abdel Fattah al-Sisi had a meeting with Azerbaijani businessmen in Baku, APA reports.

Minister of Economy of Azerbaijan Mikayil Jabbarov and President of Egypt Abdel Fattah al-Sisi made a speech at the meeting.

Economy Minister Mikayil Jabbarov confidently said that today's event will contribute to the development of relations between the two countries. The minister stated that, despite the global economic crisis, Azerbaijan's economy showed stable development dynamics in 2022, with the gross domestic product increasing by 4.6%. It was noted that during this period, the non-oil and gas sector increased by 9.1%, non-oil export increased by 12%, and the country's total export increased by more than 73%.

Emphasizing that the political-economic relations between Azerbaijan and Egypt are developing on the basis of mutual respect, friendship, and useful cooperation, M. Jabbarov said that the political will of the heads of state plays an important role in the strengthening and expansion of bilateral relations.

Pointing out that the 30th anniversary of the establishment of diplomatic relations between the two countries was celebrated last year, the minister said that the first embassy of Azerbaijan in Africa was opened in Egypt in 1994. The two countries also cooperate within the framework of international organizations, including the Organization of Islamic Cooperation, the League of Arab States, and the Non-Aligned Movement. Noting that the economic relations between Azerbaijan and Egypt have strengthened, Mikayil Jabbarov said that 51 Egyptian-invested companies are currently operating in our country.

"Nevertheless, there is great potential for expanding cooperation and mutual trade in the field of investment. We believe that the activities of the Azerbaijan-Egypt Intergovernmental Joint Commission, the events organized with the participation of businessmen, and the work carried out in the direction of the establishment of the Azerbaijan-Egypt Business Council will contribute to the realization of this potential," the minister stressed.

Mikayil Jabbarov also spoke about the restoration and construction works carried out in the territories freed from occupation, the created business environment, the implemented green energy projects, and the state's support for this process.

Expressing his satisfaction with his visit to our country, President Abdel Fattah al-Sisi emphasized that Azerbaijan has achieved great success under the leadership of President Ilham Aliyev, who is a faithful friend of Egypt and who has duly continued the path of National Leader Heydar Aliyev, whose 100th anniversary will be celebrated this year. The President said that the cooperation of our countries in international trade has a very high potential.

"We attach great importance to investing in various fields and call Egyptian companies to invest in various projects in Azerbaijan. We should try to realize the potential opportunities between our countries. At the same time, we must create opportunities for Azerbaijani companies to invest in pharmaceuticals, energy, metallurgy, and other fields in Egypt," said the Egyptian President.

Abdel Fattah al-Sisi added that the existing potential and investment opportunities of our countries in various fields should be investigated and realized.

The meeting continued with discussions.

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