Investment of Cypriotowned businesses in Egypt reaches USD400 mln

first_imgThe presence of companies linked to Cypriot interests in Egypt is deemed as particularly important, since, according to reports in the local financial press, their investments are said to amount to 400 mln US dollars. These investments originate from 224 companies linked to Cypriot interests, which are active in Egypt.A relevant reference is also made by the Office of Economic and Commercial Affairs of the Greek Embassy in Cairo, in its newsletter, following the recent official visit of the President of the Cyprus House of Representatives, Demetris Syllouris, in the Egyptian capital. Syllouris, who was accompanied by Michalis Michael, the Chairman of the Board of Directors of the Cyprus Investment Promotion Agency “Invest Cyprus” met with Sahar Nasr, the Egyptian Minister of Investment and International Cooperation.Egyptian reports note Syllouris’ statement that Cyprus encourages its business circles to invest in Egypt, and that bilateral cooperation will be intensified further, in order to carry out mutual investment projects.CNAYou May LikePopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoLivestlyChip And Joanna’s $18M Mansion Is Perfect, But It’s The Backyard Everyone Is Talking AboutLivestlyUndoModernizeIf Your Home Has Old Roofing, Read ThisModernizeUndo Concern over falling tourism numbersUndoPensioner dies after crash on Paphos-Polis roadUndoCypriot tycoon launches ‘Bank of Cannabis’Undoby Taboolaby Taboolalast_img

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