Polish investments in Egypt surpass $1.7bn, driven by green ammonia, furniture, and silo projects

Daily News Egypt
3 Min Read

Polish investments in Egypt have recorded remarkable growth in recent years, reaching over $1.7bn, supported by several major projects led by leading Polish companies. Among the most prominent are Hynfra’s $1.6bn green ammonia production project, Padma’s €70m investment in furniture manufacturing, and Ferrum’s $60m project to produce storage silos. These ventures reflect Poland’s growing confidence in the Egyptian market and its strong potential to attract long-term, high-value investments.

Building on this momentum, the Egyptian Commercial Service office in Warsaw, headed by Commercial Counselor Amr El-Kilany, participated in the Poland–Africa Conference organized by the Polish Chamber of Commerce (KIG) in cooperation with the Polish Development Bank (BGK) and the Polish Export Credit Insurance Corporation (KUKE) in the Polish capital. The event formed part of Egypt’s ongoing efforts to promote investment opportunities and enhance economic cooperation with European partners.

During a dedicated session on “Investment Opportunities for Polish Companies in Africa,” El-Kilany presented an overview of Egypt’s recent economic reforms and highlighted key sectors offering significant potential for Polish investors, including food and engineering industries, renewable energy, and information technology. He emphasized that these fields provide solid foundations for new industrial and investment partnerships between the two countries.

The conference served as a strategic platform to showcase Egypt’s economic progress and foster bilateral meetings between the Egyptian Commercial Office, the Polish Chamber of Commerce, and a number of Polish companies interested in exploring the Egyptian market. On the sidelines, El-Kilany met with senior officials from the Polish Ministry of Economy to follow up on the outcomes of the first Egyptian–Polish Joint Economic Committee, recently held in Warsaw. The talks addressed cooperation across multiple sectors, including trade, investment, communications, defense industries, environment, health, electricity, renewable energy, agriculture, space, and higher education.

Meanwhile, Abdel Aziz El-Sherif, First Undersecretary of the Ministry and Head of the Egyptian Commercial Service, announced that the Polish Development Bank (BGK) has launched a new $1.1bn financing programme to enhance trade and investment between Polish companies and African countries. He noted that this initiative represents a valuable opportunity for Polish firms to expand into Egypt, benefiting from its strategic location, advanced infrastructure, and attractive investment climate.

El-Sherif reaffirmed that the ongoing growth of Polish investments, led by flagship projects in green energy, industrial manufacturing, and export-oriented production, underscores Egypt’s position as a key investment destination in Africa and highlights the increasing depth of Egyptian–Polish economic relations.

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