Attijariwafa bank Egypt was the official sponsor of the first Egyptian-Moroccan Business Association during the seminar organized by the Association under the title “Prospects for Economic and Cultural Cooperation between Egypt and Morocco” in the presence of Dr. Sahar Nasr – Minister of Investment and International Cooperation, senior officials of the bank and senior businessmen

Cairo, 19 March 2018: Attijariwafa bank Egypt sponsored the celebration held by the Egyptian-Moroccan Businessmen Association on March 7, 2018, which was held on the sidelines of a seminar entitled “Prospects for Economic and Cultural Cooperation between Egypt and Morocco”.

The seminar was attended by Dr. Sahar Nasr, Minister of Investment and International Cooperation, and members of the Egyptian-Moroccan Businessmen Association headed by Mr. Mohamed Adel Hosny, Chairman of the Board of Directors, as well as senior officials from Attijariwafa bank headed by Ms. Halla Sakr, Managing Director of Attijariwafa bank Egypt and members of the bank’s executive committee as well as a group of senior businessmen in Egypt.

Mr. Abderrafie El Hachimi, Retail & Business Banking Director at Attijariwafa bank Egypt, delivered a speech at the seminar where he explained why Attijariwafa bank Group chose to invest in the Egyptian market. The investment is in line with the bank’s ambitious expansion strategy as well as the promising Egyptian economy. The bank intends to strengthen trade exchange and economic relations between Egypt and Morocco on one hand and between Egypt and the other countries in which the group is present on the other hand. Furthermore, the bank will play a role is enhancing relations with African countries, which is in par with the Egyptian government’s development plans.

El Hachimi’s presentation included a documentary film about the 5th International Forum for African Development, which is hosted annually by Attijariwafa Group in Casablanca. The Forum is a reference platform for the business community and political decision makers in Africa and a true interactive channel for the exchange of views and interaction amongst investors to create investment opportunities in Africa.

El Hachimi also confirmed that the group’s presence in Egypt is regarded as the latest foreign investment in the Egyptian banking sector after it acquired Barclays Bank Egypt, and is considered the first Moroccan investment in this field. The Group is working to provide a range of integrated services and has gained extensive expertise in the 26 countries, including 16 African countries which it operates in. 

El Hachimi pointed out that Egypt is a promising strategic market with many investment opportunities. He affirmed that Egypt’s position qualifies it to be the investment gateway in the Middle East and Africa, especially in light of the recent economic reforms adopted by the Egyptian government, which has contributed to improving the investment climate and the working environment.