Speaking by telephone, Magyar said he had discussed the matter with Egyptian Minister of Transport Kamel El-Wazir and Hisham Tawfik, who is in charge of the privatization of state-owned companies.
Magyar said he had also discussed a planned investment in Egypt by Tungsram. Tungsram wants to partner with Egyptʼs HOI group to produce several million streetlights in a deal that could also be financed with credit from the state of Hungary, he added.
Tungsram and HOI group have signed a memorandum of understanding on the cooperation, he said.
Magyar said he had participated at a business forum in Cairo with representatives from 22 Hungarian and 70 Egyptian companies. The Hungarian businesses represented at the forum included specialists in defense, IT, agriculture and business consulting, he added.
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