Austrian Minister of Economy supports investment promotion in Cairo

Published April 19th, 2001 - 02:00 GMT

The Austrian Minister of Economy, Martin Partinstien, has recently visitied Cairo having a specific agenda on hand, reported Al-Ahram newspaper. According to the report, the minister asserted that the visit was aimed at supporting the special initiative designed with the objective of promoting incoming Austrian investments into Egypt.  

 

This initiative, which was proposed by the Austrian government, aim at producing a bilateral investments protection agreement between Egypt and Austria outside the framework of the European Union. The Austrian minister described his meetings with several Egyptian ministers and top executives as very successful.  

 

Furthermore, the minister stated that the value of the Austrian exports to Egypt hit $120 million last year, whereas the value of the Egyptian exports to Austria amounted to $30 million in the same year. In addition, several hundred thousands of Austrian tourists visit Egypt annually. –(Albawaba-MEBG)  

© 2001 Mena Report (www.menareport.com)

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