Posted on 27 January 2023
Abdel Fattah El-Sisi, the president of Egypt, appealed out to India for investments and involvement in massive infrastructure projects in his nation, according to The Indian Express, who was the principal guest at the Republic Day parade on Thursday. According to sources, this has been a recurring topic of conversation between the leadership of India and Egypt over the past two days, including with Prime Minister Narendra Modi. These negotiations took place at a time when China's economic connections to Egypt have been strengthening over time. The joint statement that the two leaders released also reflected this effort, stating that both leaders welcomed the growth of Indian investments in Egypt, which are currently worth more than $3.15 billion. According to the statement, they pledged to promote the exploration of new commercial and investment prospects in each other's nations by corporations from their respective nations.
Key Points
Abdel Fattah El-Sisi, the president of Egypt, appealed to India for investments and involvement in massive infrastructure projects in his nation, according to The Indian Express.
These negotiations took place at a time when China's economic connections to Egypt have been strengthening over time.
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