Belarus President attends Belarusian-Egyptian business forum

Belarus President attends Belarusian-Egyptian business forum

Belarus and Egypt are ready to open up new horizons for cooperation. The countries are going to create join assembly plants for the production of road-building and municipal engineering. On the 16th of January, the presidents of Belarus and Egypt took part in the opening of the Belarusian-Egyptian business forum.

Alexander Lukashenko emphasized that Belarus is ready to supply not only its own products, but also to share technologies and specialists with Egypt.

Alexander Lukashenko, the President of the Republic of Belarus:
New prospects for cooperation are opening in front of Belarus and Egypt. You know Belarus tractors very well. Currently, another big Belarusian company, Minsk Automobile Plant, starts tapping into the Egyptian market. Moreover, chiefs of Belarusian largest companies employing 20,000 people tell me that a joint production of tractors, combine harvesters and automobiles and also full service is being established on the same platform in Alexandria. Sea shipping allows working with Egypt quickly. It is a very comfortable place for us.

Moreover, Egypt is a member of the African Free Trade Zone, so we can trade throughout Africa in goods of joint enterprises (in my opinion, localization should be up to 40%). Therefore, it is beneficial for Belarus. As I said before and promised to the President of Egypt, we not only sell Belarusian equipment, but we are ready to share our technologies and specialists, set up here new companies, demonstrate our capabilities and teach Egyptians how to make these products. We use the experience we have accumulated. We have worked in Venezuela in exactly the same way, and now we are working in Russia, China, Pakistan and many other countries. This experience is already known to all the world, and we have tested it including in those countries.

The Belarusian-Egyptian business forum has gathered representatives of almost 500 companies.

They are the greatest local businessmen and representatives of Belarusian business communities. The exhibition of Belarusian machinery and vehicles is held as part of the forum.

Belarus President Alexander Lukashenko and Egypt President Abdel Fattah el-Sisi visited the exposition.

By the way, one of the leaders of the Belarusian mechanical engineering MTZ has reached an agreement for the supply tractor knock-down kits to Egypt in 2017.

Fyodor Domotenko, Director General of Minsk Tractor Works (MTZ):
We own 71% of company’s shares. Our partners have organized a manufacturing plant here, and have invested in this project. I think the real volume of tractor knock-down kits in the next year will be from 1,500 to 2,000 units. We plan to sign a contract for 1,500 tractor knock-down kits.