ARMENIAN-EGYPTIAN BUSINESS FORUM SCHEDULED TO BE HELD IN
ALEXANDRIA IN 2007
26-06-2006 18:20:00 | Armenia | Economy
CAIRO, JUNE 26, NOYAN TAPAN. The Armenian Ambassador to
Egypt Ruben Karapetian was on a working visit to Alexandria, an
industrial center of Egypt, on June 21-22 with the aim of
discussing and promoting the opportunities of trade and economic
cooperation between Armenia and Egypt. During the visit, the
ambassador met with the management of the Union of Businessmen
of Alexandria (UBA), visited Farco - Egypt's largest
pharmaceutical company and the Zahran plant of domestic electric
appliances.
During a meeting with UBA Chairman Muhammed Ragab with the
participation of about 25 businessmen, the Armenian ambassador
presented the current satisfactory state of bilateral relations,
stressing the need for further activization of the
Armenian-Egyptian trade and economic cooperation. R. Karapetian
pointed out such sectors as pharmaceutics, IT, agriculture,
tourism, education and science as promising ones.
The sides agreed to sign an agreement on cooperation with
the Union of Businessmen of Armenia and to hold an
Armenian-Egyptian business forum in Alexandria in 2007. The
opportunities of implementing long-term investment programs in
Armenia were discussed as well.
According to the RA MFA Press and Information Department,
the UBA also accepted the Armenian ambassador's proposal to
organize a visit to Alexandria by a delegation of businessmen of
Shirak marz. Within the framework of this visit, it will be
possible to sign an agreement on declaring Alexandria and Gyumri
sister cities.
Dr. Medhat el-Dib, Rector of the Institute of Tourism and
Hotels of Alexandria, who attended the meeting, announced his
decision to allocate 5 scholarships to Armenia.