KUALA LUMPUR: A three-day visit by an Egyptian trade delegation led by Egypt-Malaysia Business Council head Dr Sherif El-Gabaly has paved the way for the two countries to cooperate in trade and commercial activities.
Egypt’s Ambassador to Malaysia, Gamal Abdelrehim Metwally, said the visit of the delegation has been positive and beneficial for both sides.
He added that Egypt is currently embarking on economic reform plans and sizeable investment projects.
“Malaysian companies can capitalize on investment opportunities available in various industries including gas, oil, construction, energy and renewable energy, automotive, food, as well as small, medium and micro industries.
“Besides this, the (Malaysian) companies have a chance to explore investments and projects with high potential in Egypt, especially at the Suez Canal and new administrative town areas,” he said in a statement to Bernama on Thursday.
Elaborating, Gamal said the Malaysia External Trade Development Corporation (Matrade) will arrange a visit of the country’s delegation to Egypt to be accompanied by the National Chamber of Commerce and Industry of Malaysia (NCCIM).
The Egyptian trade delegation arrived in Malaysia on Sunday and departed for Egypt on Thursday.
Gamal said during the visit, the delegation met with Primary Industries Minister Teresa Kok and had a discussion on issues in the palm oil, timber and rubber industries. – Bernama
