UfM official lauds Egypt investment program

BARCELONA - 11 June 2019: Rachid Maaninou, Deputy Secretary General of the Union for the Mediterranean (UfM), has praised an investment program launched by Egypt.

Talking figures, the program has helped achieve big growth in Egypt, Maaninou said in statements to MENA Tuesday.

He said Egypt plays an important role in the region, noting that its successful economic program has qualified the country to host the first edition of the UfM business forum, slated for next Tuesday.

Effective parties of the public and private sectors will meet during the forum in Cairo to outline a number of economic programs, including one on trade, Maaninou noted.

He added that the forum will also focus on an Arab trade agreement by Egypt, Jordan, Morocco, Tunisia, Palestine and Lebanon, meant to establish a trade exchange zone among those countries.

European countries have achieved 70 percent of economic integration, while the southern Mediterranean region is still far from this rate, the UfM official said.