Hungary, Egypt Sign Deal on Joint Use of Suez Canal Economic Zone
Image by Shutterstock.com
The governments of Hungary and Egypt have signed an agreement on joint use of the Suez Canal Economic Zone, creating preferential conditions for Hungarian companies to launch investments there, Minister of Foreign Affairs and Trade Péter Szijjártó said in Cairo on Tuesday, according to a report by state news wire MTI.
Addressing a forum of Hungarian and Egyptian business leaders, Szijjártó said representatives of Hungarian companies with "cutting edge" technology in the areas of water management, ICT, and transport accompanied the government's delegation on the visit to Cairo.
He noted that Magyar Eximbank has opened a EUR 100 million credit line to support partnerships between companies from the two countries. He added that Hungary is filling an order for 1,350 carriages for Egypt's national railway company.
Representatives from 21 Hungarian companies and 65 Egyptian ones participated at the forum.
ADVERTISEMENT
IWG Opens New Regus Center in Biatorbágy
Parliament Negates Mandatory Membership in MOK
MNB Grants License to Local iBanFirst Fintech Branch
Meet the Expat CEO of the Year Nominees
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
