CAIRO: President Abdel Fatah al Sisi and visiting Hungarian Prime Minister Viktor Orbán witnessed the signing of five joint memorandums of understanding on Wednesday, according to a presidential statement.
Signed in various fields such as water resources, transport and agriculture, the MoU are part of the Egyptian- Hungarian Business Forum held in Cairo Wednesday in presence of Egyptian and Hungarian businessmen.
In the field of transport, the two sides signed an agreement according to which Hungary will partially fund the purchase of 700 train carriages to be delivered to the Egyptian National Railways.
Egypt Defense Minister Sedki Sobhi also signed a MOU with his Hungarian counterpart to boost military cooperation.
At the end of forum, Sisi delivered a speech, praising historic relations between the two countries.
“I hope the business forum would represent an opportunity to promote bilateral economic cooperation and strategic partnership between the two countries,” said Sisi in a press conference after his meeting with Orbán.
Sisi said that he and Orbán discussed terrorism threats and illegal immigration and reviewed the situation in Syria and Libya and and efforts to restore security and stability in the two Arab states.