Egypt, Tajikistan sign 11 MoUs in tourism, other fields at joint business forum

Ahram Online , Saturday 12 Mar 2022

Egyptian and Tajik entities and companies signed on Thursday 11 memorandums of understanding (MoUs) in many fields, including tourism, pharmaceuticals, construction, and textiles during a joint business forum for the two countries in Cairo.

Egypt and Tajikistan sign 11 MoUs in tourism and other fields at Egypt-Tajikistan Business Forum, 10
Egypt and Tajikistan sign 11 MoUs in tourism and other fields at Egypt-Tajikistan Business Forum, 10 March 2022. Egyptian General Authority for Investment and Free Zones (GAFI)

Tajik President Emomali Rahmon, who was on an official visit to Egypt, attended the Egypt-Tajikistan Business Forum with the participation of more than 45 Tajik companies and a large number of officials from both countries.

Rahmon met with President Abdel-Fattah El-Sisi on Thursday, where they witnessed the signing of other MoUs in several fields between the two countries.

The MoUs signed during the joint business forum include one between the Federation of Egyptian Chambers of Commerce (FEDCOC) and the Chamber of Commerce and Industry of Tajikistan, a statement by Egypt’s General Authority for Investment and Free Zones (GAFI), which hosted the forum, said.

The MoU seeks to promote investment opportunities between the two countries in fields of mutual interest, the statement said.

In a speech he delivered at the forum, Rahmon invited Egyptian businessmen to visit Tajikistan to establish joint relations between the two countries in various fields.

Rahmon said that the two countries may establish joint projects in the fields of pharmaceutical industry, livestock farming, and bee honey production, the Egyptian cabinet said in a statement.

There is also a possibility of cooperation in the export of fruits, vegetables and other agricultural products, as well as high-quality drinking water, Rahmon added.

Holding expanded discussions with Egyptian Prime Minister Mostafa Madbouly on the sidelines of the conference, Rahmon reviewed cooperation opportunities with Egypt in the fields of agriculture, communication, pharmaceutical industry, and spinning and weaving.

This is in addition to the opportunity for enhancing Egyptian-Tajik cooperation in the field of training and capacity building, Rahmon added.

Delivering a speech at the joint business forum, Madbouly invited Tajik companies to learn about the investment opportunities available in Egypt in various fields and areas, including the Suez Canal Economic Zone (SCZone), the New Administrative Capital, and fourth-generation cities.

Reviewing investment opportunities available in Tajikistan, Rahmon said his country has witnessed a progress in strategic industries and their priority sectors, including energy, transportation, agriculture, communication and tourism.

Currently, Tajikistan is implementing more than 90 investment projects worth more than $4 billion, Rahmon said, noting that his country has established fruitful cooperation relations with all international financial institutions and maintained economic relations with 110 countries.

“We attach a special importance to establishing beneficial projects in the fields of energy, water, communications, transportation, agriculture, communications and infrastructure,” Rahmon added.

The Egypt-Tajikistan Business Forum aims at securing a platform for the private sector and businessmen from both countries to explore new fields of cooperation, the Egyptian premier said.

The forum also seeks to encourage trade exchange and investments between the two countries, Madbouly added.

Mohamed Abdel-Wahab, CEO of Egypt’s GAFI, said the forum comes amid the progress in bilateral relations between Egypt and Tajikistan over the past years.

This progress in relations should help enhance investment cooperation and promote investment opportunities available for both countries in fields of mutual interest, including textile, pharmaceutical, construction and agricultural industries, Abdel-Wahab added.

Abdel-Wahab stressed the continuation of efforts to encourage joint cooperation between Egyptian and Tajik investors to build serious partnerships that benefit the two friendly countries and open the way for new investments.

This should contribute to providing more job opportunities, benefiting from the capabilities of both countries and building on the promising opportunities that Egypt and Tajikistan have, Abdel-Wahab added.

During their meeting, El-Sisi and Rahmon witnessed the signing of four MoUs in the fields of agriculture, sports, education and scientific research and friendship and cooperation.

This is in addition to an MoU for cooperation between the General Egyptian Book Organisation (GEBO) and its counterpart in Tajikistan.

Rahmon’s official visit to Egypt on Thursday is his second to the country since he took office in 1994 and coincides with the 30th anniversary of Egypt's recognition of the independent Republic of Tajikistan.

Rahmon, however, also met with El-Sisi in September 2017 during the BRICS Xiamen Summit in China and in May of the same year on the sidelines of the Arab Islamic American Summit in Riyadh.

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