Continuation of Italian Investments in Egypt

Dr.Kamal Ganzouri the Prime Minister, during a joint press conference which was held yesterday with “Mario Monti” Italy's prime minister, assure that it was agreed between the two sides to hold partnerships for economic cooperation with third country. Where they will be cooperation with Libya and Sudan, after Egypt's participation, and Italy in the oil sector in Iraq.

He added that the Egyptian-Italian relations are extended as the volume of trade between Egypt and Italy in 2011, which was a difficult year, by about $6 billion. “Ganzouri” said that Italy did not withdraw any of its investments in Egypt during 2011, while there are many countries came out with their own money of Egypt during that year, whether in the form of treasury bills or stocks or investments.

On the other hand, the Prime Minister of Italy assure that the Italian-Egyptian relations are strong throughout history and that his presence in Egypt is testimony to the political and economic support to Egypt even realized democracy that respects human rights and religious rights. He stressed that Italy is one of the biggest economic partners of Egypt among the EU countries, as well as they are the primary market for Egyptian products, which is also the first in the Egyptian community has, and stressed that Rome is always an important reference in Egypt's relations with Europe.