Egypt: Cyprus participates in nine investment projects

The number of Cypriot investment projects in Egypt has reached nine projects, including five in the chemicals sector, two in the engineering sector, and projects in free zones, at a cost of $91 million with a rate of Cypriot participation of $52 million dollars from January to September 1998.

Several agreements and protocols link Egypt with Cyprus, including the trade exchange development accord and agreements for tourism cooperation, preventing double taxation, the industrial and economic cooperation and the agricultural development and establishing a business council between the two countries.