Washington: On the sidelines of the annual meetings of the International Monetary Fund and the World Bank Group in Washington, Engineer Hassan Al-Khateeb, Minister of Investment and Foreign Trade, convened with leaders of Boeing at the Egyptian Embassy to explore ways to enhance strategic cooperation in the aviation and air transport sector.

According to State Information Service Egypt, during the meeting, Minister Al-Khateeb emphasized Egypt's ambitious vision for developing the aviation sector as a fundamental component of economic growth and logistical integration. He highlighted the government's efforts to integrate the aviation system with tourism, trade, and logistics services, aiming to establish Egypt as a regional hub for aviation and transcontinental services.

Al-Khateeb elaborated on the economic reforms undertaken by the state in recent years, which have bolstered the confidence of global investors and created a stable and transparent environment conducive to high-quality long-term investments. He affirmed that the state prioritizes attracting leading global companies in technology, digital transformation, and advanced infrastructure.

Boeing, in its response, expressed appreciation for Egypt's economic and structural developments, as well as the financial and institutional stability observed in the country. The company confirmed Egypt's role as a pivotal partner in its strategy for regional expansion.

Boeing officials asserted that the upcoming phase would see a deepening of the partnership with the Egyptian government to advance the air transport and commercial shipping systems. This aligns with the state's vision to boost exports and elevate Egypt's position as a central hub for trade and logistics services across Africa, Asia, and Europe.

At the conclusion of the meeting, Minister Al-Khateeb stressed that the cooperation between Egypt and Boeing serves as a successful model of international partnerships grounded in technology and knowledge. He reaffirmed the Egyptian government's commitment to building on this cooperation to expand investment opportunities and enhance the competitiveness of the national economy in high value-added sectors.