Egypt, Armenia ink 7 cooperation deals

Egyptian Minister of Investment and International Cooperation Sahar Nasr on Friday inked seven deals with the Armenian side in the sectors of investment, the youth, culture and academic learning.

Nasr made the remarks at the conclusion of the Egyptian-Armenian Joint Committee on economic, scientific and technical cooperation that was chaired by her and attended by Armenian Minister of Territorial Administration and Development Davit Lokyan.

The seven deals include a cooperation protocol for the joint committee, two memoranda of understanding on exchanging investments and on the youth sector in addition to another MoU between the National Library and Archives of Egypt and Armenia’s National Archives.

The other items covered under the deals are an executive program on cultural cooperation between the two countries until the year 2020, a cooperation agreement between Egypt’s Bibliotheca Alexandrina and the National Library of Armenia as well as an agreement on academic cooperation between Cairo University and Yerevan State University.

The Egyptian minister noted that the level of bilateral economic ties between Egypt and Armenia requires more efforts in order to push them to wider prospects.

On that score, Nasr called on the Armenian side to inject investments in Egypt and to make use of the opportunities available in national projects as well as of the new investment law that provides incentives and guarantees for investors in Egypt.

Source : Mena