Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi witnessed the signing of a letter of intent (LoI) between the Egyptian Mineral Resources and Mining Industries Authority and Curtin University in Western Australia to enhance the capabilities of mining personnel.

Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir met with Akgun Okay, the CEO for the Middle East and China at the wood manufacturing giant Kronospan, to outline the company’s future plans in Egypt.

The Egyptian Ministry of Trade and Industry has probed with Austria’s Petrochemical Holding GmbH and the Czech-based chemicals manufacturer Draslovka the possibility of setting up a sodium cyanide production factory in Egypt.

The Egyptian Minister of Public Business Sector Mahmoud Esmat has met with the Austrian Ambassador to Cairo Georg P?stinger to discuss ways to boost cooperation in trade, industrial, and investment sectors.

ENR currently owns more than 50 heavy machines for railway maintenance and renovations produced by the Austrian firm.

Egyptian Prime Minister Mostafa Madbouly said that the letter of intent aims at boosting economic, commercial, and technical cooperation between both sides in a way that achieves mutual benefit.

The Egyptian premier briefed the Austrian side on a set of advantages offered by the government to Austrian investors, explaining that Egypt enjoys a strategic location and has access to major regional and international markets through its membership in a number of trade agreements and blocs.