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Monday, 27 November 2017

Cypriot businessmen to visit Egypt soon

A business delegation from Cyprus will visit Egypt soon to build on talks that started during the Egyptian-Cypriot Business Forum in Cyprus last week, Head of the Egyptian-Cypriot Businessmen Council Saeed Ahmed said in a press statement Sunday. Cypriot investors have expressed interest in the Suez Canal Economic Zone and governorates such as Fayoum with one group of unnamed investors looking to establish pharmaceutical factories in Ain Sokhna. Ahmed added that the council is planning an exhibition in Cyprus to market Egyptian textiles, home furnishings, packaging products and chemicals.

Meanwhile, a delegation of 11 South Korean companies will visit Egypt next month to follow up on planned investments, said Egyptian-Korean Business Council head and Chairman of GB Auto Raouf Ghabbour said on Saturday. The firms operate in a variety of industrial fields including construction, machinery, railways and home appliances.

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