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Wednesday, 31 May 2017

Egypt to announce new agreements with Australian investors soon

Egypt to start doing more business with Australia soon? Australian businesses and investors are circling Egyptian opportunities and there could be a number of agreements announced in the coming months, senior Australian Trade and Investment Commission (Austrade) official Mark Morley tells Daily News Egypt.

Who’s interested in what? Australian businesses including resource and energy engineering player Worleyparsons are coming back to Egypt, Morley is quoted as saying. Of interest to Aussie businesses are opportunities in mining, health, education, agriculture, and food production. Mining, in particular, is attractive to Australian companies, many of whom planned on participating in Egypt’s first international gold exploration tender in 2017, Morley says.

Upcoming projects: In addition to mining phosphate and taking part in the Black Sand extraction project in Borolos (which will serve a variety of industries across the board), Australian businesses are also planning on building fertilizer and cement factories, and establishing touristic resorts in Upper Egypt and the Red Sea coast. Australian companies are also interested in agricultural projects in Qena, Morley adds.

Our only question: Does all of this mean Gourmet will finally bring back Aussie beef?

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