Singapore, Egypt to boost bilateral trade

Other News Materials 18 August 2008 06:13 (UTC +04:00)

Singapore (dpa) - An Egyptian minister for investment, accompanied by a 35-member business delegation, Monday wrapped up a visit to Singapore aimed at boosting bilateral trade.

Minister of Investment Mahmoud Mohiedin was briefed by the Monetary Authority of Singapore, Economic Development Board and the Singapore Exchange, the dpa reported.

He and Senior Minister Goh Chok Tong discussed trends in Asia and the Middle East on Sunday, officials said.

Mohieldin also addressed a seminar on Egypt's investment climate.

Egypt is "aggressively embarking on plans to develop key sectors such as info-comm technology, logistics, infrastructure and tourism," said Teng Theng Dar, chief executive of the Singapore Business Federation.