ARMINFO News Agency, Armenia Saturday Yerevan and Cairo signed a memorandum on cooperation in the field of investment Yerevan September 30 Mariana Mkrtchyan. Minister of Economic Development and Investments of Armenia Suren Karayan and Egyptian Minister of Investment and International Cooperation Sahar Nasr signed today a memorandum on cooperation in the field of investment between the two countries. The press service of the Ministry of Economy told ArmInfo that during the tete-a-tete meeting the ministers stressed the importance of the signed memorandum and noted the need to implement correct and targeted steps to implement it. "We will turn the first wheel to start moving forward," Nasr said. Karayan suggested developing a joint investment program, comparing the advantages of the two countries and preferential markets. During the meeting, the importance of cooperation between the free economic zones of Armenia and Egypt was emphasized. The ministry also informed that the prospects for cooperation with the Suez Free Economic Zone representatives, who arrived in Yerevan as part of the Egyptian delegation, will be discussed in detail. At the same time, Karayan stated that there is a need to promote business cooperation between the two countries, especially in the agricultural sphere, which in turn will lead to an increase in bilateral trade. Nasr suggested periodically to organize mutual visits between the businessmen of the two countries. The parties touched upon the interaction of logistic companies with each other. The ministers reaffirmed their readiness to promote the Armenian-Egyptian economic interaction through permanent contacts.