Talks also took up ways of promoting cooperation in the industrial sphere, as well as benefiting from the Hungarian expertise in the engineering industry sector, as well as the railways domain. The minister’s talks with the Hungarian diplomat also pored over investment opportunities in the Egyptian market, especially in the Suez Canal Economic Zone (SCZone). The minister noted that the Hungarian government should make advantage of the diverse investment incentives offered by the Egyptian government on this score. The volume of Egyptian-Hungarian trade exchange hit dlrs 354 million in 2019 compared to dlrs 266 million in 2018, with a 22% increase, whereas the volume of Hungarian investments in the Egyptian market amounts to dlrs 41.5 million, according to the minister. On his part, the Hungarian diplomat lauded ties binding Egypt and Hungary, asserting his country's keenness on promoting relations with Egypt in the trade and investment fields

Source: Egypt Today September 24, 2020 15:56 UTC