Egyptian-Sudanese investment talks underway
Egyptian President Husni Mubarak and Sudanese President Omar Al-Bashir ended a one-day summit at Egypt's Red Sea resort in Sharm Al-Shaikh on Sunday, May 12. The two leaders discussed the peace initiatives aimed at ending the 18-year civil war in Sudan,as well as ways to expand bilateral trade and economic cooperation.
According to MENA news agency, the Egyptian Information Minister Safwat Al-Sharif stated that the leaders agreed to revive a joint cooperation commission and all suspended bilateral agreements
According to Sharif, Mubarak and Bashir also explored ways of removing obstacles to the movement of goods and people between the two countries in a bid to expand bilateral
trade and economic cooperation.
During the Egyptian-Sudanese summit this week, separate talks were also held between Bashir and Egyptian Prime Minister Atif Ubaid, as well as between the countries’ ministers of defense, foreign affairs, finance, industry and investment and information.
The summit follows a meeting recently held in Cairo between Egyptian Minister of Tourism, Mamduh Al-Baltagui, and his Sudanese counterpart, Abdul-Bassit Abdul-Majid, to discuss ways to promote bilateral investment projects, primarily in the tourism and transportation sectors, reported Al-Sharq Al-Awsat daily.
The ministers focused on possibilities of expanding ties between EgyptAir and Sudan Airlines Corporations, considering the latter’s limited passenger and cargo transport capabilities.
Bilateral ties have been revived since 1999, as Bashir came to power having overthrown elected Prime Minister Sadiq Al-Mahdi in a military coup. — (MENA Report)
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