Sweden has confidence in Egypt's economic future, daily Al Bawaba said. During their regular meeting at the Embassy of Sweden in Cairo, representatives of over 15 Swedish companies in Egypt emphasised their confidence in the future of Swedish business in Egypt.

“Swedish business in Egypt is relatively stable and many companies have reported a considerable growth in their income", Swedish Ambassador Malin Kärre said.

"Moreover, we have witnessed a number of big Swedish investments in Egypt following the revolution like the Swedish Appliance manufacturer Electrolux which has acquired Olympic Group and IKEA, the Swedish home furnishing giant, to open its stores soon in Egypt. Just few examples of how Swedish investors are showing confidence in the Egyptian market’s great potential.”

Egypt is the second largest market for Swedish exports in the Middle East.