• ASCAME and its partners organised a meeting between representatives of the Egyptian and the Italian governments.
• One of the goals of this relationship is to open the door to cross-border business opportunities for the Mediterranean basin.

Cairo (Egypt), 19th April 2023 – Egypt’s Prime Minister Moustafa Madbouly has met with Italian Ambassador to Egypt Michele Quaroni. In the room with them was a representative of ASCAME and of the Federation of Egyptian Chambers of Commerce (FEDCOC).

The meeting is a stepping stone towards strenghtening the relations between Egypt and Italy, which have been under progress since last March, when an Italian delegation led by Deputy Prime Minister Antonio Tajani visited Egypt. The delegation included governmental officials and a variety of representatives of the private sector: companies, banks, financial institutions and regional organizations. All in all, it was an opportunity to make business and to find investment opportunities.

Bilateral means benefits for all

ASCAME is making strides in its goal to foster bilateral relationships between the many countries of the Mediterranean basin. Cooperation and regional integration are a key part of ASCAME’s plan to ensure steady, sustainable and long-term socio-economic development for all the region. “Cross-border business alliances will foster entrepreneurship across the territory. That’s how we tackle important issues like food insecurity or unemployment”, said Anwar Zibaoui, General Coordinator of ASCAME, when asked about the meeting between Minister Madbouly and Ambassador Quaroni.

The meeting took place in the framework of a broader event to bring together stakeholders of the EU-funded projects ENI CBC MED, EBSOMED and PRIMA. This event was organised by ASCAME, the Confederation of Egyptian-European Business Associations (CEEBA) and BUSINESSMED.