Arab Finance: Egypt is looking forward to establishing a fast roll-on/roll-off (Ro-Ro) line between its ports and Croatia's, a move designed to boost trade and logistics between the two countries, as per a statement by the Egyptian cabinet.

During his speech at the Egyptian-Croatian Economic Forum, Prime Minister Mostafa Madbouly highlighted this ambition, emphasizing the potential for closer economic ties and enhanced transportation efficiency.

The forum was attended by high-level Croatian officials, businessmen, and Egyptian entrepreneurs from various sectors.

Madbouly highlighted Egypt’s market growth through regional and international trade agreements, as well as Croatia’s expansion following its EU membership.

He also noted that these developments open up opportunities for joint manufacturing and trade, enabling access to over three billion consumers across different continents with lower transportation costs.

Madbouly underscored that cooperation between the two countries should extend beyond exports to include services, logistics, and infrastructure, particularly in Africa and neighboring countries undergoing reconstruction.

He highlighted that 33 Croatian companies are currently investing in Egypt, contributing around $20 million, and urged further mutual investments.

Despite existing agreements and EU-backed investment guarantees, he called for substantial growth in these figures.