French construction firms eye Egyptian market

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French president François Hollande’s visit to Egypt has opened an avenue for French construction companies to make inroads to lucrative construction market in Egypt.

Egyptian officials say some French companies operating in  Egyptian have indicated interest for expansion and boosting their investment in the country.

A delegation from Dickson Coatings, a French manufacturer of technical textiles, accompanied the French president during his visit to Egypt. The company aims to expand its commercial activities in Egypt by developing partnerships with Egyptian companies.

Egypt has the second highest GDP in Africa, making it prime for investment, said sales and marketing manager at Dickson Coatings Fabien Regudy.

Regudy added that Egypt is the most important market in the region and Dickson Coatings wants to expand into it.

The company’s officials added that African continent is the best for investors and called upon other major investing companies to ensure they pump more funds for the development.

“Africa and majorly Egypt have a diversified economy and that’s why we consider  to put in more resources to the market” he added

Regudy said. “In addition, the Egyptian government is adopting a new amendments policy, which is convenient for us and will bring about a promising future to Egypt’s private sector.”

Dickson Coatings produces approximately 20m sqm of coated fabrics annually and operates in more than 60 countries.

A delegation from Optimum Tracker is also accompanying the French president during his visit to Egypt. The company specialises in designing development supplies and installing cutting-edge solar tracking systems for utility-scale solar power plants.

Optimum Tracker hopes to contribute economically and technologically to local solar development in Egypt by forming partnerships with local industry players to source raw materials, manufacture components, and install equipment.