Arab Council of Businesswomen partakes in the 4th Egypt-Lebanon Business Forum

The Arab Council of Businesswomen has participated in the 4th Egyptian-Lebanese Business Forum, which took place in Beirut on Friday under the patronage of Lebanese Prime Minister Saad Hariri.

Egyptian Minister of Investment and International Cooperation Sahar Nasr along with around 300 business people from Egypt and Lebanon have attended the forum, which is organised by the Egyptian-Lebanese Business Council.

The Arab Council of Businesswomen has called to establish a joint committee for businesswomen from Egypt and Lebanon working on boosting bilateral economic cooperation between the two countries, its chairperson Abeer Essam said on Saturday.

During the forum, officials announced underway Lebanese investments in the Egyptian tourism sector following a Lebanese investor’s purchase of a 100-room hotel in Aswan, Essam said.

Head of the trade representation office at the Egyptian Embassy in Lebanon Mona Wahba said that Egypt seeks to raise its volume of trade exchange with Lebanon to exceed $1.5 billion between 2019 and 2020.

The trade exchange between the two countries stood at about $820 million in 2017, as Egypt was the seventh biggest exporting country to Lebanon with exports amounting to about $750 million.

Lebanon is one of the major countries investing in Egypt in about 1,425 projects, with total investments hitting $4.1 billion.