Uzbekistan and Egypt intend to establish a joint business council, as was revealed during the recent meeting between Ambassador Mansurbek Kilichev and Muhammad Yusuf, Director of the Association of Entrepreneurs of Egypt, who had visited Uzbekistan as an international observer during the presidential elections on July 9.
Besides, the two sides discussed the possibility of holding business forums in Cairo and Tashkent. They agreed to ink a Memorandum of Understanding to establish the "Council of Entrepreneurs" and to negotiate the creation of a logistics center and warehouse in the special economic zone of Port Said in Egypt. This would allow Uzbek goods to enter the African market.
Established in 1979, the Association of Entrepreneurs of Egypt is made up of 18 committees and 500 top business members who represent 1,300 large Egyptian companies across various industries, counting agriculture, banking and finance, energy, ecology, information technology, real estate, tourism, civil aviation, transport, and import-export.
Earlier, Daryo reported that Uzbekistan's Ambassador Mansurbek Kilichev held a meeting with Emad Farid, the executive director of Nile Sugar, Egypt's largest sugar producer, in Cairo to discuss potential investment projects in the Central Asian country, specifically the cultivation of sugar beets and the entire production cycle of sugar in the Jizzakh region.
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