Egypt, Lebanon PMs Sign 5 memos, says relations to be enhanced and deepened

CAIRO – 5 May 2019: Prime Minister Mostafa Madbouly affirmed that the Egyptian-Lebanese relations will witness developments during the coming period,adding that both countries are keen on enhancing and deepening their relations on all levels.

In a joint press conference held in Beirut with Lebanese counterpart Saadal-Hariri, Madbouly assured that Egypt and Lebanon share similar political tribulations.

He affirmed that Egypt’s President Abdel Fatah al-Sisi stressed the importance of Lebanon’s security and stability for Egypt.

Madbouly also noted that all Egyptian companies are willing to support Lebanon in different fields.

Madbouly and Hariri signed five agreements during their meetings in Beirut on Friday.

Nader Saad, the Cabinet's spokesperson, said in a statement that the signed agreements were infields of investment, importing Egyptian building materials, communications and exchange of tax experiences between the two countries.

During his participation in the Arab Economic Forum 2019 at the Four Seasons Hotel, Hariri stated that his country’s leadership is convinced of the need to achieve reforms, despite difficulties, for the benefit of citizens, stressing that Lebanon looks forward to achieving what Egypt has been able to achieve in this field.

He further praised Egypt’s economic model and said that his country should learn from Egypt ways to stimulate economic growth, reform laws and combat corruption.

Hariri stated that President Sisi has “changed Egypt’s direction” and pushed his country forward after a period of stagnation.

“President Sisi discovered to what extent Egypt is falling behind, the same way Lebanon is falling behind in terms of our old laws, so we must reform all the laws in Lebanon."

“Therefore, we have to learn from the Egyptian experiencein the fields of electricity, communications, gas, oil among others. What we are trying to do today in Lebanon is actually similar to what Egypt did, but the difference is that Egypt suffered economically more than Lebanon.”