Sudan – Egypt sign memorandum to enhance cooperation
Khartoum, June 12 (SUNA) – The governments of Sudan and Egypt signed yesterday a memorandum of understanding to enhance cooperation and create an encouraging environment for business and investment.
The memorandum was signed on the sidelines of the first session of the “Forum of Heads of Investment Promotion Agencies in Africa: Integration for Development”, held from June 11 to 14, 2021 in Sharm El Sheikh.
The Sudan’s Minister of Investment and International Cooperation, Dr. El Hadi Mohamed Ibrahim, signed the memorandum in the presence of the Egyptian Prime Minister, Mostafa Madbouly, on behalf of the Sudan, while the CEO of Egypt’s General Authority for Investment and Free Zones, Mohamed Abdel Wahab, has signed for his country.
In the same context Egypt has also signed another memorandum with the State of South Sudan, meanwhile, these agreements focus on exchanging of economic information on investment and business opportunities and making them available, with the aim of facilitating contacts in the field of investment, exchanging information on investment laws and regulations, cooperation in the development of legislation and regulations to improve the business and investment environment, and all developments related to the investment climate and investor services.
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