Minister urges finding cooperation mechnicam between investors of Egypt, Tatarstan

CAIRO - 15 October 2018: Minister of Trade and Industry Amr Nassar has stressed the importance of boosting economic relations between Egypt and Tatarstan reflecting the strength of political and cultural ties.

In a speech read out by Ahmed Taha, the CEO of the Industrial Modernization Center, at the Egyptian-Tatarstan Business Forum in the presence of Tatarstan President Rustam Minnikhanov, the minister called for finding a mechanism for cooperation between the two sides to increase communication among the investors and businessmen of Egypt and Tatarstan.

He said the volume of trade between Egypt and Tatarstan reached $22.8 million in 2017, pointing out the figure is not up to the historical and political relations between the two sides.

The minister said the Russian industrial zone in East Port Said would boost Russian investments in Egypt and make Egypt a regional hub for investments of Eurasian Union countries.

During the forum, Tatarstan's president said that his country is deeply interested in the advanced technologies and establishment of industrial cities. Tatarstan ranks second among federal Russian republics in the field of advanced technologies, non-technology and robotics.

Minnichanov also stressed the possibility of cooperating in the tourism and cultural fields, adding that as many as 55 Egyptian students are enrolled in Tatarstan universities.