$2.7 billion expected in Lebanese investments in Egypt in three years
Egypt-Lebanon, Economics, 5/4/1999

Badran Kamal, head of the Egyptian - Lebanese Business Association, expected an increase in Lebanese direct investment in Egypt to $2.7 billion during the coming three years in comparison to $880 million currently. Badran also commented on the successful visit of a Lebanese delegation to Egypt, which included 14 businessmen under the chairmanship of Jacques Saraf, head of the Lebanese Industrial Union.

He said the visit witnessed a strong comprehension and approach among the Egyptian and Lebanese businessmen and that joint projects were agreed upon in the meeting in the fields of manufacturing cosmetics, pipes and aluminum.

Previous Stories:
  Lebanese economic delegation visiting Cairo   (4/26/1999)
  Al-Hoss: Facilities to encourage investments between Egypt and Lebanon   (2/23/1999)
  $120 million in trade expected between Egypt and Lebanon following free trade agreement   (2/22/1999)

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