Lebanon to double investments in Egypt in 3 years

CAIRO – 9 July 2017: The Egyptian Lebanese Businessmen Friendship Association (Elba) targets increasing the Lebanese investments in Egypt to LE 5 billion ($280 million) from LE 2 billion in three years, a member in the economic committee said Sunday.

Mohamed Al Hout added in statements to the media that the association is looking forward to raising the volume of bilateral trade to LE 1.5 billion, up from LE 1 billion.

Elba had sent promotional missions to a number of countries, including Ghana, to pave the way for a new trade exchange between the two countries in a third market, he continued.