Egypt, Romania ink 3 MoUs, co-op protocols

Egypt and Romania signed  three Memorandums of Understanding (MoU) to boost cooperation within fields of investment and entrepreneurship.

The agreements were signed between Egypt’s General Authority for Investment and Free Zones (GAFI) and Romania’s Ministry of Business Environment, Trade and Entrepreneurship, on the sidelines of the joint Egyptian-Romanian committee for economic cooperation.

The signing ceremony was attended by Minister of Investment and International cooperation Sahar Nasr and Romanian Minister of Business Environment, Trade and Entrepreneurship Ștefan-Radu Oprea.

The second agreement was inked on markets cooperation, through supporting and facilitating the injection of investments and establishing partnerships.

A Friday statement by the Ministry of Investment said the meeting also included talks on means of fostering bilateral cooperation in several areas, notably investment, trade, industry, the public business sector, electricity, oil and natural gas, agriculture, communications as well as tourism.

Meanwhile, the two ministers signed a cooperation protocol to probe investment opportunities by the Romanian business council at the Suez Canal Economic Zone (SCZone).

For his part, Oprea said Romania considers Egypt as its investment and trade gateway for Africa, while Cairo sees Bucharest as its investment and trade gateway for Eastern Europe.

The Romanian government seeks to expand in joint projects implemented by the public and private sectors in the fields of infrastructure and energy, he added.