Egyptian President Sisi visits India amid investment push

Egyptian President Abdel Fattah Al-Sisi begins a visit to India on Wednesday where he will meet business leaders and be the guest of honour at India’s 26 January Republic Day.

The visit will include discussions on strengthening economic relations between the two countries and exploring investment opportunities for India and Egypt, a statement from the Egyptian government said.

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Egypt is trying to boost foreign investment as it struggles to manage a dollar shortage that has caused the Egyptian pound to fall sharply.

Last year, he asked for help from powerful Gulf partners and the International Monetary Fund after the economic collapse from the war in Ukraine made his challenges worse.

Cairo is also seeking to develop political and commercial ties beyond its traditional ties with the United States and European powers, particularly in sub-Saharan Africa and Asia.

 

 

 

 

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