Agreement between Egyptian, Hungarian firms to produce heavy equipment

Industry and Trade Minister Mounir Fakhry Abdel Nour said that a delegation representing major Hungarian companies will arrive here on Tuesday to ink an agreement with one of the Egyptian companies working in the engineering industries.

The agreement stipulates producing heavy equipment as well as conveying the Hungarian experience to the Egyptians in that field.

Following his meeting with Hungarian Ambassador to Egypt Peter Kveck, the minister said that the visit of Egyptian President Abdel Fattah El Sisi to Hungary in June made the economic relations between the two countries flourish.

Abdel Nour underscored also that the meeting took up means of benefiting from the Hungarian experience in developing number of Egyptian industries as well as facilitating participation of Egyptian and Hungarian businessmen in the international exhibition organized in both countries.
Source: MENA