Egyptian Investment Minister Osama Saleh Cairo – Akram Ali Egyptian Investment Minister Osama Saleh has declared that international financial aid will help solve issues brought by the January 25 Revolution. Osama Saleh said in an interview with Arabstoday: \"President Morsi\'s frequent trips abroad have brought attention on the potential investment in Egypt. The government has agreed on several projects with Qatar and China. Egypt has signed an $18 billion deal with the Qataris. China has invested £1.5 billion in the Suez Golf.\" Saleh explained the government\'s new policies: “We are working on three major axis. The first one is to develop the governorates in the country; there are 128 projects ready to be implemented in those governorates. The second point we\'re working on is a partnership between the private sector and the finance ministry. And last, but certainly not least, we are working on developing foreign investments in the Suez Canal. We are also planning the establishment of the largest industrial city in Egypt.” Promoting investments in Egypt has become a priority for the government, according to Saleh.. \"We are trying to attract as much investment as possible to provide job opportunities for the Egyptians. \" As for the fears of the foreign investor, Saleh stressed that there is a huge turnout with the international companies for investments in Egypt. Samsung has signed a deal with Egypt to implement a factory in the country worth 1.4 EGP. Italy has also invested in Egypt with a contract on steel production worth 1.3 billion EGP. A \'Silicon Valley\' is to be established in Ismailia. Logistic means will be improved with news ports and a tunnel connecting the valley to Sinai. He concluded with investments in North Egypt: \"We are planning to develop the road network by the Red Sea, which would link six governates to the sea.\"
GMT 05:09 2024 Tuesday ,06 February
The Saudi-led Arab Coalition Forces have targeted a meeting of Houthi commanders in Beit Al Faqih, Hodeidah, killing scores of theGMT 15:04 2018 Thursday ,30 August
Five Saudi women pilots granted GACA licencesGMT 12:46 2018 Thursday ,30 August
Arab Coalition Forces kill scores of Houthi commandersGMT 05:01 2018 Tuesday ,23 January
Puigdemont candidate for Catalan presidentGMT 04:00 2018 Monday ,22 January
US Christian tourists see deep meaningGMT 12:06 2018 Sunday ,21 January
Honduras roads blocked in protestsGMT 03:28 2018 Saturday ,20 January
Israel apologises to JordanGMT 05:08 2018 Friday ,19 January
Turkey 'not satisfied' with US assuranceMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor