German Economy Minister Sigmar Gabriel will along with 130 investments and heads of companies will pay a visit to Egypt on Saturday.

The delegation includes representatives from Henkel Petrochemical Company, which intends to open petrochemicals factory in the Sixth of October, at a total cost worth 50 million euros. 

In exclusive statements to MENA on Wednesday, Egypt's Ambassador to Germany Badr Abdel Aati said that this will be the third visit for Gabriel, who is also Germany's vice chancellor, to Egypt. 

The ambassador also pointed out to the attractive investment climate in Egypt, especially after the unified investment law and the legislative and legal amendments which were provided to the foreign investments in Egypt.

Source: MENA