Egypt, Italy sign of 9 MoUs to enhance cooperation

Minister of Supply and Internal Trade Ali Moselhi has witnessed the signing of nine memoranda of understanding between Egypt and Italy at the conclusion of the second Egyptian-Italian Economic Forum hosted by Cairo last week.

In a statement released on Sunday, the Ministry of Supply and Internal Trade said the signed agreements include the establishment of an integrated Italian trade and logistics entity in Egypt.

Another MoU was signed between the Egyptian Holding Company for Silos and Storage and an Italian company to continue a national plan to set up silos in Egypt, according to the statement.

The third deal was clinched between the Egyptian-European Investors Association and the Italian Confederation for Economic Development to set up a center for the design of leather and furniture products, added the statement.