Dr. Shawqi Saeed, the President of the Board of Directors of the Higher Institute of Commercial Sciences in El Mahalla El Kubra, Cairo, the president of the Modern Delta Group of Companies in Romania and several other important Egyptian businessmen met with Vicentiu Mocanu from
Râmnicu Vâlcea, who is a candidate for the position of mayor of the city, elections that will be held on June 9, 2024.
He discussed with them the development of Egyptian-Romanian relations, in the scenario in which he will win the elections, and Egyptian businessmen would consider opening new production factories in Râmnicu Vâlcea.
If Vicențiu Mocanu wins the elections, Cairo businessmen have promised to guarantee that more Egyptian businessmen will invest in Râmnicu Vâlcea, including the opening of a polyurethane foam (sponge) factory for sofas, furniture, And so on and
the mattress factory, in addition to other investments amounting to approximately 20 million euros. They would also offer competitive salaries for Romanian workers in Râmnicu Vâlcea.
