INVESTMENT WATCH – Spanish companies are looking to ramp up their investments in Egypt, company representatives told Investment and International Cooperation Minister Sahar Nasr on the sidelines of the Crans Montana forum in Barcelona. Mediterrania Capital Partners is planning to increase its capital in Egypt to EUR 300 mn and will send a delegation to Egypt soon to study further investment opportunities, according to a ministry statement. Sanitary ware producer Roca is also looking to establish a new factory in 6th of October, while roller coating manufacturer GomPlast is set to establish its first project in Damietta, according to company officials. Shipping services company Salvat Logística is also eyeing establishing a logistics center in Egypt to serve its Middle East operations. A Spanish business delegation will also visit Egypt soon, President of Foment del Treball Nacional, a federation of Catalan entrepreneurs, Joaquím Gay de Montella told Nasr.

Meanwhile, the European Institute of the Mediterranean (IEMed) plans on holding a conference this year to boost investments in Egypt and increase economic trade between Egypt and the EU, IEMed’s Managing Director Josep Ferré said. The delegation will include representatives from companies in the renewable energy, car manufacturing, food, logistics, and infrastructure sectors.