Minister Meets with Hungarian Ambassador

Minister of Investment Mahmoud Mohieldin has met with Peter Kveck, the Hungarian ambassador to Egypt, and a group of Hungarian investors in the sectors of vaccines and animal farm management. The meeting's aim was to discuss the outcomes of President Mubarak's latest visit to Hungary. Minister Mohieldin was among the Egyptian delegation during the visit.

The meeting was attended by Osama Saleh, GAFI Chairman, Nevin El-Shafei, GAFI Vice Chairman, Magdy Hassan, chairman of the board of the Holding Company for Pharmaceuticals, Chemicals & Medical Appliances, Mohamed Awad Tag Eddin, chairman of the board of the Arab Company for Pharmaceutical Industries, Medhat Sharawi, chairman of the board of ACDIMA International, and Mohamed Rabie, Chairman of VACSERA.

Minister Mohieldin has welcomed the Hungarian side and referred to the Egyptian interest in promoting Egyptian-Hungarian cooperation as soon as possible. He has confirmed that there are many areas of cooperation, topped by water treatment and the environment.

OMNINVEST, a Hungarian vaccine manufacturing company, has reviewed the results of its talks with the Egyptian companies. The Egyptian side will visit the company's headquarters in Hungary over the next few weeks

. In addition, the group working in animal farm management has expressed its desire to establish an integrated project in Egypt, including several animal farms, an automated slaughterhouse and meat-processing factory. The company will take the necessary measures to identify the project's location and requirements.

Finally, Mohieldin has confirmed that the Ministry of Investment and its affiliates will provide the Hungarian companies with all aspects of support so that they can promote their investments in the Egyptian market.