ARMENIAN-EGYPTIAN BUSINESS FORUM SCHEDULED TO BE HELD IN ALEXANDRIA IN 2007
Noyan Tapan
Jun 26 2006
CAIRO, JUNE 26, NOYAN TAPAN. The Armenian Ambassador to Egypt Ruben
Karapetian was on a working visit to Alexandria, an industrial center
of Egypt, on June 21-22 with the aim of discussing and promoting the
opportunities of trade and economic cooperation between Armenia and
Egypt. During the visit, the ambassador met with the management of
the Union of Businessmen of Alexandria (UBA), visited Farco – Egypt’s
largest pharmaceutical company and the Zahran plant of domestic
electric appliances.
During a meeting with UBA Chairman Muhammed Ragab with the
participation of about 25 businessmen, the Armenian ambassador
presented the current satisfactory state of bilateral relations,
stressing the need for further activization of the Armenian-Egyptian
trade and economic cooperation. R. Karapetian pointed out such sectors
as pharmaceutics, IT, agriculture, tourism, education and science as
promising ones.
The sides agreed to sign an agreement on cooperation with the Union of
Businessmen of Armenia and to hold an Armenian-Egyptian business forum
in Alexandria in 2007. The opportunities of implementing long-term
investment programs in Armenia were discussed as well.
According to the RA MFA Press and Information Department, the UBA
also accepted the Armenian ambassador’s proposal to organize a visit
to Alexandria by a delegation of businessmen of Shirak marz. Within
the framework of this visit, it will be possible to sign an agreement
on declaring Alexandria and Gyumri sister cities.
Dr. Medhat el-Dib, Rector of the Institute of Tourism and Hotels
of Alexandria, who attended the meeting, announced his decision to
allocate 5 scholarships to Armenia.