Egypt's First Deputy Premier Abdel Aziz Hegazi went to Iran on Sunday (19 May) to continue an all-out search for foreign investment.
Egypt's First Deputy Premier Abdel Aziz Hegazi went to Iran on Sunday (19 May) to continue an all-out search for foreign investment. Dr. Hegazi -- appointed last month to put the war-drained economy back on its feet -- had talks with the Shah of Iran soon after his arrival in the capital, Tehran.
His six-day mission to Iran follows talks he had last week in Saudi Arabia and Kuwait, two major sources of Arab capital for Egypt.
In Tehran, Dr. Hegazi is expected to seek Iranian capital to set up factories in Egypt's projected free trade zones, including a spinning and weaving mill. The English-language Egyptian Mail said Dr. Hgazi would also discuss possible Iranian participation in setting up a steel mill.