Foreign Investment

Egypt Set To Seal 70 Billion Euros Worth Investment Deals.

Egypt prepares to sign 38 investment agreements worth up to 70 billion euros (3.6 trillion Egyptian pounds) during the European Egyptian Investment Conference, which will be held in Cairo today and Sunday.

The conference sees the signing of 16 strategic agreements worth €61 billion in transport, communications and the Suez Canal Economic Zone, with about 11 other agreements worth €8.4 billion in the areas of electricity, communications and international cooperation, in addition to about 11 deals worth €400 million, according to the statement report by Bloomberg East site.