SBF Leads Overseas Market Workshop to Egypt, Deepening Expansion Opportunities and Strategic Partnerships for Singapore Businesses
During the forum, delegates gained insights into Egypt’s strategic role as a trade and business hub for Africa and the Middle East, as well as guidance on doing business with Singapore, regional trade partnerships, and market access. The programme also provided opportunities for business-to-business matchmaking, partnership-building, and engagement with key government and industry stakeholders, including representatives from the General Authority for Investment, the Egyptian Businessmen Association, the Suez Canal Economic Zone, and Afreximbank.
The Forum witnessed the signing of five Memoranda of Understanding (MoUs) between Singapore and Egyptian companies, underscoring the potential for deeper business collaborations and partnerships.
Delegates also joined a luncheon with President Tharman, highlighting the strong alignment between government-to-government and business-to-business engagement. On 22 September, the delegation visited the Suez Canal Economic Zone, a flagship initiative positioning Egypt as a global logistics and industrial hub. This included a tour of Sokhna Port, the main port within the zone. This visit offered delegates a closer look at investment opportunities in logistics, renewable energy, and industrial development.
“This mission to Egypt comes at a pivotal time when both countries are deepening their economic engagement, supported at the highest levels by the state visit of President Tharman. Egypt’s rapid transformation and ambitious development agenda under Vision 2030 present a wealth of opportunities for Singapore companies,” said Mr S. S. Teo, Chairman of SBF. “By being here on the ground, our companies can build meaningful partnerships that go beyond trade and investment and contribute to Egypt’s growth story while tapping its role as a gateway to Africa and the Middle East.”
The delegation represented a wide spectrum of sectors including logistics, infrastructure, construction, consumer goods, agri-commodities, fintech, legal services, renewable energy, and wholesale trade. This diversity highlighted the exploratory nature of the mission to map Singapore’s capabilities against Egypt’s national development priorities under Vision 2030.
