Al-Ahram: Malaysian investments in Egypt hit $1.6 billion
Egypt-Malaysia, Economics, 11/29/2004

Malaysia's Foreign Minister Syed Hamid Albar called for redressing the Malaysian-Egyptian balance of trade through pushing forward the Egyptian exports to his country whose exports to Egypt scored $ 400 million against imports worth $ 24million.

Albar in press remarks to Al-Ahram, said that the Malaysian investments in Egypt are growing notably the investments of petrogas that valued at $ 1.6 billion in oil and gas in addition to $ 50 million in producing cooking oil and lauded cooperation in training 237 Egyptian youths in technological fields.

He added that setting up a businessmen council for the Non- Alignment member states will boost trade exchange and economic cooperation among them.

Albar indicated that the rate of growth in Malaysia will hit this year 6.5 % due to the political stability which helps scoring this rate.

Previous Stories:
  Fahmi receives Mahathir on oil talks   (9/7/2004)
  Malaysia to take part in petrochemicals plant in Egypt   (6/13/2003)
  Malaysian minister of trade to visit Egypt soon   (4/22/1999)

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