25 November 2016 — The Philippine Embassy in Cairo held an economic briefing in cooperation with the Asia-Egypt Business Association (AEBA) aimed at addressing the information gap among Egyptians on business opportunities in the Philippines.

In his presentation, Philippine Ambassador to Egypt Leslie J. Baja touted the Philippines’ economic strengths, including its Asia-leading GDP growth and other positive macroeconomic indicators, young and competent workforce, and location in the dynamic ASEAN region. He also highlighted opportunities for Egypt to invest in the Philippines, particularly in the business process outsourcing, infrastructure development, shipbuilding and ports development sectors.

For their part, several businessmen in attendance expressed interest in attracting Philippine investments, particularly in manufacturing and those related to the newly expanded Suez Canal, as well as enticing more Filipinos to visit Egypt.

The Asia-Egypt Business Association is a non-profit organization representing Asian and Egyptian business interests aimed at promoting two-way trade and investment. END.