| 25 February 2024, Sunday |

Egypt, Nigeria seal agreements worth $30m

Egypt witnessed the signing of bilateral agreements and partnerships between Nigerian and Egyptian businessmen during the Egyptian-Nigerian Economic Conference.

The Egyptian African Businessmen’s Association (EABA) organized the conference.

Chairman of the EABA Dr. Yousrey ElSharkawi said that the outcomes of the conference include promptly operating the Egyptian plastic sewage pipes factories, and exporting Egyptian ready-made clothes to Nigeria.

ElSharkawi said during a press conference that six companies from both countries agreed on cooperating in the sectors of construction, medical equipment, and engineering industries.

Discussions also highlighted the agricultural sector, fertilizers, and solar energy.

The conference resulted in $30 million worth of agreements between Egypt and Nigeria.

These events achieve the Egyptian dream to ensure the private sector’s access to Africa, said ElSharkawi, and they also seek increasing cooperation.

Several countries from the African continent, including Zambia and Mauritius, intend to send delegations to Egypt in the two upcoming months, according to ElSharkawi.

For his part, Minister of State for Works and Housing Ibrahim El-Yakub expressed his country’s aspiration to cooperate with Egypt in the housing sector.

Yakub examined housing units presented by the private sector, given that Nigeria requires a minimum of 200,000 housing units each year.

  • Asharq Al-Awsat