Economic Relations
Economic relations between the two countries witnessed a new level of activities during the past few years. Egyptian exports registered a 160% increase in 2009 (U.S$ 116 million compared to U.S$ 73 million in 2008) which can be considered a major improvement taking into consideration the severe economic and financial crises the world has witnessed during that year.
Major Egyptian Companies such as the Arab Contractors, Orascom Construction, Mantrac, Elsewedy Cables and EGYPRO have established themselves as strong players, with total investment exceeding U.S$ 1.4 Billion, in the Nigerian Market and were able to work on major projects.
The Egyptian Nigerian Business Council in and its counterpart in are private sector initiatives that were established to foster business cooperation between the two countries and institutionalizing the relationship between the business communities on both sides, as a major mechanism to enhance bilateral trade and the promotion of investment.
The Presence of Egypt Air, which commenced its flights from Cairo to Abuja since June 2009, in Nigeria helped in increasing the number of tourists traveling to Cairo, taking into consideration that Egypt Air now operates 14 flights / week from Cairo to Abuja, Lagos and Kano. This, in addition to the presence of 160 Egyptian Physicians through out , have helped in promoting as a major destination for Medical Tourism.
Cultural Relations
Egypt and Nigeria enjoy a deep cultural affinity that brought the two countries together since Nigeria’s independence. Currently there are hundreds of Nigerian students enrolled in Faculties of Medicine and in many Egyptian universities, in addition to 47 Nigerian students capitalizing on scholarships offered by the Egyptian government, as well as training in the fields of mass media, and agriculture.
The Embassy in cooperation with Egyptian companies present in Nigeria, as well as the ministries of culture in both countries, organized 2 cultural weeks in 2008 and 2009 with the participation of Egyptian cultural troupes, that included an Egyptian food festival and an art contest.
Economic relations between the two countries witnessed a new level of activities during the past few years. Egyptian exports registered a 160% increase in 2009 (U.S$ 116 million compared to U.S$ 73 million in 2008) which can be considered a major improvement taking into consideration the severe economic and financial crises the world has witnessed during that year.
Major Egyptian Companies such as the Arab Contractors, Orascom Construction, Mantrac, Elsewedy Cables and EGYPRO have established themselves as strong players, with total investment exceeding U.S$ 1.4 Billion, in the Nigerian Market and were able to work on major projects.
The Egyptian Nigerian Business Council in and its counterpart in are private sector initiatives that were established to foster business cooperation between the two countries and institutionalizing the relationship between the business communities on both sides, as a major mechanism to enhance bilateral trade and the promotion of investment.
The Presence of Egypt Air, which commenced its flights from Cairo to Abuja since June 2009, in Nigeria helped in increasing the number of tourists traveling to Cairo, taking into consideration that Egypt Air now operates 14 flights / week from Cairo to Abuja, Lagos and Kano. This, in addition to the presence of 160 Egyptian Physicians through out , have helped in promoting as a major destination for Medical Tourism.
Cultural Relations
Egypt and Nigeria enjoy a deep cultural affinity that brought the two countries together since Nigeria’s independence. Currently there are hundreds of Nigerian students enrolled in Faculties of Medicine and in many Egyptian universities, in addition to 47 Nigerian students capitalizing on scholarships offered by the Egyptian government, as well as training in the fields of mass media, and agriculture.
The Embassy in cooperation with Egyptian companies present in Nigeria, as well as the ministries of culture in both countries, organized 2 cultural weeks in 2008 and 2009 with the participation of Egyptian cultural troupes, that included an Egyptian food festival and an art contest.