Prime Minister Mostafa Madbouli witnessed on Friday the signing two memorandums of understanding (MoU) with Sudan and South Sudan, the Cabinet’s media office said in a statement.
The signed MoUs came on the sidelines of the first forum of the heads of African investment promotion agencies (IPAs), being held in Sharm El-Sheikh from June 11-14.
The first MoU is between the General Authority For Investment and Free Zones (GAFI) and the Sudanese Ministry of Investment and International Cooperation. The second one is between GAFI and the South Sudanese Ministry of Investment.
The two deals aim to exchange economic information about the investment opportunities as well as investment regulations and laws in order to cooperate on developing the legislation and regulations to improve the business and investment climate.
They also encourage exchanging visits of businessmen and investors to discuss setting up joint projects and hold training courses and workshops.
Source: State Information Service