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Denmark gives Egypt $18 million in aid
Published in Youm7 on 17 - 06 - 2011

CAIRO: Danish and Egyptian relations are represented in several projects by Danish companies in Egypt, said Danish Ambassador in Cairo, Christian Hope.
Hope said his country will financially support Egypt by giving it $18 million to help improve its economy after the January 25 Revolution.
Hope said during the opening session of the Egyptian stock market that Danish companies will continue investing in Egypt's economic sectors.
He added that more than 20 Danish companies invest in Egyptian ports, logistic services and sectors of containers, cement, medicine and food. He noted that more than 35 agricultural projects in Egypt are carried out by Danish companies to support knowledge transporting.
Hope said the annul trade volume between Egypt and Denmark exceeded $245 million. Egypt's annual imports from Denmark reached $188 million, while Egyptian annual exports to Denmark reached $56 million.
Danish ships are the most ships that cross the Suez Canal, making Egypt in turn earn a lot of money. Also, Danish tourists notably increased during the last five years but the number was reduced due to the revolution. However, according to Hope, the influx of Danish tourists is starting to increase.
He added that Egypt's economic development encourages foreign investors to enter Egyptian markets. Danish investors are interested in investing in the Egyptian sectors of construction and equipment, said Hope.
The ambassador also praised the performance of the Egyptian stock exchange during the past three months, especially since it was closed during the revolution.


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