Egyptian people welcome Hungarian investments
Egyptian President Abdel Fattah El Sisi has expressed Egypt’s keenness on boosting relations with Hungary at the economic and commercial levels and increasing investments of Hungarian investors in Egypt.
During a meeting with Hungarian President János Áder in Budapest, Sisi stressed that Hungarian companies have great potentials to invest in Egypt and make use of the modern infrastructure in the country to increase their investments in Africa, Presidential Spokesman Bassam Rady said.
The Egyptian people welcome Hungarian investments and are keen to see the European country increase its business in Egypt, Sisi said.
Áder, for his part, praised the great development projects being established in Egypt in various fields.
Hungary is keen to support Egypt in its development efforts through exchanging expertise and joint investments, he said.
The two presidents praised high-level coordination between the two countries in the field of management of water resources, the spokesman said.
The talks also tackled several regional and international issues of mutual concern, topped by the situation in Libya and Afghanistan, and efforts exerted to combat the coronavirus pandemic.
The two presidents exchanged views on how to combat terrorism with President Sisi affirming the need for coordinating international efforts to eradicate this scourge.
The two leaders also tackled the Grand Ethiopian Renaissance Dam (GERD) issue. On that score, Sisi affirmed Egypt’s stance on the necessity of reaching a binding legal agreement on the rules of filling and operating the dam.
Áder, meanwhile, voiced his country’s understanding of the stance of Egypt towards this crisis, which reflects the great importance of the Nile River for Egypt.
The Hungarian president also praised efforts made by Egypt to reach a ceasefire agreement between the Palestinian and Israeli sides and improve the living conditions of the Palestinian people through the reconstruction projects being implemented by Egypt in the Gaza Strip.
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