Egypt, Ukraine to establish joint projects, increase investments

Investment and International Cooperation Minister Sahar Nasr and Ukraine’s Deputy Prime Minister Pavlo Rozenko headed the seventh session of the Egyptian-Ukrainian Joint Committee on Economic, Scientific and Technical Cooperation.

The seventh session  was held in the Ukrainian capital Kiev.

During the event, Rozenko stressed that there are strong strategic ties binding Egypt and his country.

He further expressed Ukraine’s keenness on promoting bilateral economic relations, the statement read.

Rozenko asserted that Egypt is one of the most important economic partners for his country in the fields of investment, trade exchange, tourism, agricultural and scientific research.

The committee agreed to increase the Ukrainian investments in Egypt in light of the presence of 130 Ukrainian firms only doing business in Egypt, the matter which does not suit the unique economic ties between the two countries.