25 September 2020 10:54 PM

Egypt, Romania sign 3 MoUs, cooperation protocol

Saturday، 02 March 2019 - 01:49 PM

Minister of Investment and International cooperation Sahar Nasr signed with Romanian Minister of Business Environment, Trade and Entrepreneurship Ștefan-Radu Oprea a memorandum of understanding (MoU) to cooperate in the fields of investment and entrepreneurship.

The MoU was inked between Egypt's General Authority for Investment and Free Zones (GAFI) and Romania's Ministry of Business Environment, Trade and Entrepreneurship, on the sidelines of the joint Egyptian-Romanian committee for economic cooperation, the Ministry of Investment said in a statement Friday 01/03/2019.

The two sides also signed a second MoU on third markets cooperation, through supporting and facilitating the injection of investments and establishing partnerships.

Nasr and Oprea witnessed the inking of a third MoU between the Egyptian and Romanian chambers of commerce federations, the statement noted.

The committee's meeting included talks on means of fostering bilateral cooperation in several areas, notably investment, trade, industry, the public business sector, electricity, oil and natural gas, agriculture, communications as well as tourism.

Meanwhile, the two ministers signed a cooperation protocol to probe investment opportunities by the Romanian business council at the Suez Canal Economic Zone (SCZone).

Nasr urged Romanian businessmen to pump further investments in Egypt, noting that there are around 63 Romanian companies working in the country.

For his part, Oprea said Romania considers Egypt as its investment and trade gateway for Africa, while Cairo sees Bucharest as its investment and trade gateway for Eastern Europe.

The Romanian government seeks to expand in joint projects implemented by the public and private sectors in the fields of infrastructure and energy, he added.


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