Tajik President Emomali Rahmon, who was on an official visit to Egypt, attended the Egypt-Tajikistan Business Forum with the participation of more than 45 Tajik companies and a large number of officials from both countries.
Rahmon met with President Abdel-Fattah El-Sisi on Thursday, where they witnessed the signing of other memorandums of understanding in several areas between the two countries.
MoUs signed at the joint business forum include one between the Federation of Egyptian Chambers of Commerce (FEDCOC) and the Chamber of Commerce and Industry of Tajikistan, a statement by the Egyptian General Authority for Investment and Free Zones (GAFI), which hosted the forum, mentioned.
The MoU aims to promote investment opportunities between the two countries in areas of mutual interest, the statement said.
In a speech he delivered at the forum, Rahmon invited Egyptian businessmen to visit Tajikistan to establish joint relations between the two countries in various fields.
Rahmon said the two countries could establish joint projects in the fields of pharmaceutical industry, bee breeding and honey production, the Egyptian cabinet said in a statement.
There is also a possibility of cooperation in the export of fruits, vegetables and other agricultural products, as well as high-quality drinking water, Rahmon added.
Holding in-depth discussions with Egyptian Prime Minister Mostafa Madbouly on the sidelines of the conference, Rahmon reviewed opportunities for cooperation with Egypt in the fields of agriculture, communication, pharmaceutical industry, spinning and weaving.
This is in addition to the opportunity to strengthen Egyptian-Tajik cooperation in the field of training and capacity building, Rahmon added.
Delivering a speech at the joint business forum, Madbouly invited Tajik businesses to learn about the investment opportunities available in Egypt in various fields and areas, including the Suez Canal Economic Zone (SCZone), the new capital administration and fourth-generation cities.
Reviewing the investment opportunities available in Tajikistan, Rahmon said his country has seen progress in strategic industries and their priority sectors, including energy, transport, agriculture, communications and tourism.
Currently, Tajikistan is implementing more than 90 investment projects worth more than $4 billion, Rahmon said, noting that his country has established fruitful cooperative relations with all international financial institutions and maintained economic relations with 110 countries.
“We attach particular importance to the establishment of beneficial projects in the fields of energy, water, communications, transport, agriculture, communications and infrastructure,” Rahmon added.
The Egypt-Tajikistan Business Forum aims to ensure a platform for the private sector and businessmen of the two countries to explore new areas of cooperation, the Egyptian Prime Minister said.
The forum also aims to encourage trade and investment between the two countries, Madbouly added.
Mohamed Abdel-Wahab, CEO of the Egyptian FATF, said the forum is part of the progress of bilateral relations between Egypt and Tajikistan over the past years.
This progress in the relationship is expected to help strengthen investment cooperation and promote investment opportunities available to both countries in areas of mutual interest, including the textile, pharmaceutical, construction and agricultural industries, Abdel-Wahab added.
Abdel-Wahab stressed the continued efforts to encourage joint cooperation between Egyptian and Tajik investors to build serious partnerships that benefit the two friendly countries and pave the way for new investments.
This should help provide more employment opportunities, benefiting from the capabilities of both countries and building on the promising opportunities available in Egypt and Tajikistan, Abdel-Wahab added.
During their meeting, El-Sissi and Rahmon witnessed the signing of four memorandums of understanding in the areas of agriculture, sports, education and scientific research, friendship and cooperation.
This is in addition to a memorandum of understanding for cooperation between the General Egyptian Book Organization (GEBO) and its counterpart in Tajikistan.
Rahmon’s official visit to Egypt on Thursday is his second to the country since he took office in 1994 and coincides with the 30th anniversary of Egypt’s recognition of the independent Republic of Tajikistan.
Rahmon, however, also met El-Sisi in September 2017 at the BRICS summit in Xiamen, China, and in May of the same year on the sidelines of the US Arab-Islamic summit in Riyadh.