Egypt Cooperation with Hungary Discussed

Egyptian-Hungarian investment relations were discussed when the Minister of Investment, Dr. Mahmoud Mohieldin, met with the Hungarian ambassador to Egypt, Peter Kveck.

The meeting was attended by the Chairman and Vice Chairperson of the General Authority for Investment (GAFI), Mr. Osama Saleh and Ms. Nivin el-Shafei, as well as several officials from the Ministry of Investment and GAFI.

The meeting's purpose was to follow up on the outcomes of President Mubarak's visit to Hungary last October.

"The Egyptian side is interested in developing investment cooperation with Hungary in the fields of the pharmaceutical and vaccine industry, and industrial wastewater treatment," Dr. Mohieldin noted.

Dr. Mohieldin assigned GAFI to organize a technical visit to Hungary, to promote bilateral investment cooperation and review the available investment opportunities, especially in sectors of common interest.

"Hungary is concerned with promoting its investment cooperation with Egypt in such fields as tourism, dairy products, livestock and fisheries development," Kveck said.

It is worth noting that Egypt hosts 28 Egyptian companies with Hungarian contributions in the areas of services, tourism and industry.