Commonwealth markets awaiting Egyptian investments

Ambassador Ashraf Za'za, Secretary General of the Technical Cooperation Fund of the Commonwealth in Foreign Ministry said that Commonwealth markets are waiting Egyptian commodities and products.

He added that Commonwealth governments are welcoming Egyptian investments in light of boosting cooperation with Egypt out of the strong historical, cultural and religious relations between them.

Ambassador Za'za noted that the recommendations of the FM Forum, three years ago, must be implemented. Those recommendations called for establishing a direct airline between Egypt and commonwealth capitals with view to facilitating passenger and commodity transport. This is in addition to opening Arab bank branches in these capitals for streamlining banking transactions.

The Secretary General remarked that some Egyptian pharmaceutical companies have succeeded in penetrating the commonwealth markets.

Besides, Egyptian Contractors Association is trying to promote its presence at these markets. However, state-owned sector can realize great achievements if it moves towards these markets, especially in the construction filed in Kazakhstan and Turkmanstan, where new capitals are being built.