The Egyptian-Sudanese Business Council, which was established in Khartoum last week by the two countries’ foreign affairs ministers, will soon meet in Cairo. According to Al-Hayat newspaper, the objective of this council is to familiarize business people from Egypt and Sudan with the available investment opportunities in both countries. It also aims to remove bureaucratic barriers, which interrupt the free movement of capital and investment and merchandise from one country to another.
The Egyptian Minister of Economy and Foreign Commerce, Yousef Ghali, estimated at $1.5 billion the incoming foreign investments into Egypt in 2000, excluding the petroleum investments. The minister added that the government seeks to enlarge the foreign investment inflow to $4 billion over the next five years. –(Albawaba-MEBG)
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