Egypt, Cyprus sign MOUs on investment, labor, cultural property protection

CAIRO – 5 March 2017: Egypt and Cyprus signed three MOUs Friday, covering the fields of investment, labor, and cultural property protection in an effort to further and expand bilateral trade and economic relations between the two countries, said an online

statement

released by the Ministry of Cooperation.

During the Egyptian-Cypriot Joint Committee for Economic, Scientific and Technical Cooperation’s second meeting, co-chaired by Minister of Investment and International Cooperation Dr. Sahar Nasr and Cypriot Minister of Finance Mr. Harris Georgiades and held in the, the Minister hailed the Egyptian government’s current economic reform plan to revitalize the economy and attract more foreign investments.

In related news, Nasr also held talks with Cypriot Agriculture Minister Nikos Kougialis, who declared that Cypriote investors are looking into more investments in Egypt, especially in fields of fish farming and Oil-Olive.
Cypriote investor are looking into more investment in Egypt, especially in the field of Olive oil industry which Cyprus has been long known for, along with fish farming, said

“Dr Sahar Nasr signed a MOU, on behalf of the Minister of Antiquities Dr. Khaled El-Anany, on cultural property protection and criminalization of illicit trafficking.” The statements stated, "Further, on behalf of the Minister of Manpower Mohamed Saafan, Dr. Nasr signed an MOU in the labor field as well as a cooperation protocol."

“An additional MOU signed between Dr. Nasr and Mr.Georgiades on investment to companies and the exchange of information on investment opportunities and developments in the investment field, data on the flow of bilateral investment, and activities and services of promoting investments relating to Egypt and Cyprus, besides encouraging the exchange of delegations between both countries and promoting joint events relating to investment.” The statement added.