28 September 2020 02:39 PM

Egypt, Hungary ink MoU on boosting industrial cooperation

Friday، 20 September 2019 - 01:12 PM

Egypt and Hungary inked a memorandum of understanding on boosting industrial cooperation.

Minister of Trade and Industry Amr Nassar and Hungarian Minister of State for Parliamentary Affairs Levente Magyar signed the document.

In a statement released by the Ministry of Trade and Industry on Thursday 19/09/2019, Nassar said that the MoU aims at furthering joint cooperation in the fields of encouraging the establishment of and upgrading industrial projects and transferring technology and technical know-how in addition to developing human resources.

It also targets promoting cooperation in the field of industrial production and in research and development projects related to industry and exchanging experts and specialists in the industrial sector, Nassar said.

Magyar asserted that the MoU is an important step towards boosting industrial and trade cooperation and exchanging expertise to develop and upgrade eco-friendly industries and industrialization in addition to improving the quality of products and services presented to consumers.


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