New Era of Economic Relations between Serbia and Egypt

Serbia and Egypt are entering a new era of economic relations, Marko Čadež, president of the Chamber of Commerce and Industry of Serbia, said today and emphasized that numerous business negotiations between domestic and Egyptian companies in the coming period will contribute to significant investments in the two countries.

Čadež emphasized at the Serbia-Egypt Business Forum that the arrival of Egyptian companies on our market will, in fact, mark their entry into the regional market of the Open Balkans Initiative.

" There are a few business forums that we can open with such good news as this one. Today we received a whole package of interstate documents and we are starting to work on the Free Trade Agreement between Serbia and Egypt. Also, the result of the good cooperation between the two countries is yesterday's signing of the agreement between the company Elixir and the Egyptian company (Misr Phosphate Company) on joint investment in the construction of a phosphoric acid factory. It's a really big thing," Čadež pointed out.

The President of CCIS stated that the representatives of the companies of the two countries are extensively discussing new business projects and expressed his belief that the business negotiations will yield their first results in the coming period.

"With us today are more than 30 companies from Egypt and almost 250 of our business people who will have more than 400 business meetings and, I hope, have very good results," Čadež said.

Today, prior to the business forum in the Palace of Serbia presentations were held by the Development Agency of Serbia on why to invest in Serbia, followed by the presentation of the Federation of Egyptian, African, and Mediterranean Chambers on how to do business with Egypt. The second part of the program was dedicated to B2B meetings of Serbian and Egyptian businessmen.