Ahly's Moroccan defender Benoun tests positive for COVID-19    Israel talks Iran with envoys from Security Council states    Second child with SMA receives gene therapy injection: Health minister    Weightlifting: Talakhadze breaks super heavyweight records, Syria wins medal    5 simple tips for parents who will still be co-teachers when kids go back to school    Roberto Calasso, Italian publisher and literary figure, dies    Library book returned after 50 years with $20 bill    Egypt's Suez Canal revenues surge 20.6% y-o-y in July – official    Egypt's stocks end mixed on Wednesday as benchmark EGX 30 dips 0.07%    Egypt issues commemorative coin to mark Pharaohs' Golden Parade    Italy presses EU nations to open ports to rescued migrants    Wildfires burn for 8th day in coastal areas of Turkey    Fitch: Egyptian banks' credit risks ease on improving economy, better operating environment    Breaking: Egypt's Wrestler Kesho wins bronze medal in the 67 kg at Tokyo Olympics, Metwally loses    Egyptian actress Fathiya Tantawi dies in Cairo at 78    'Satisfactory solutions' on the GERD?    Talks on Egypt's nuclear dreams    Egypt's Supply ministry says studying increasing subsidized bread price after Sisi's remarks    Realme launches realme 8 5G – its first 5G smartphone in Egypt    Sisi affirms Egypt's determination to complete construction of Tanzania's Julius Nyerere hydropower dam    Sisi inaugurates major food industrial complex in Sadat City    Rafah crossing remains open to let in aid, wounded Palestinians    Czech Export Bank earmarks $300 million for new investments in Egyptian market    Egypt seeks to host 2022 UN Climate Change Conference – minister    Qatar appoints ambassadors to Egypt and Libya    Egypt's transport start-up SWVL preps for Nasdaq listing after merger with Queen's Gambit    Orange Egypt Introduces Amazon Prime Video    Tokyo Olympics: Cautious opening ceremony, shy start for Egyptians in competitions    Mallawi Museum in Upper Egypt holds recycling workshop for children during Eid Al-Adha    Egypt keen on stable tax policies to attract more investors: Finance Minister    Niagara Falls illuminated in Egyptian flag to mark 23 July Revolution anniversary    Thanaweyya Amma exams resume after Eid Al-Adha holidays    Sudan declares state of emergency as water goes beyond Merowe Dam capacity    Capital flows into EM keep recovering after March 2020 slump: Central Bank of Egypt    1 child orphaned every 12 seconds due to COVID-19-associated death: World Bank    Egypt, Japanese Olympic Committee discuss boosting sports cooperation    Ethiopia ready to resume dam talks with no legally binding agreements: Ethiopian official    US emphasises AU's role in mediating Ethiopian damdispute    Sunken city of Thônis-Heracleion in Egypt's Abu Qir bay yields new archaeological treasures    New films, concerts, and destinations for Eid Al-Adha holidays    Egypt, Oman discuss enhancing bilateral economic, investment relations    Al Ahly v Kaizer Chiefs: Cairo giants eye 10th CAF Champions League title    Tunisia hopes to have a UN role in resolving Egypt-Ethiopia dam dispute    Egypt denounces Ethiopia's move to start second filling of giant dam    APO Group enters new exclusive agreement with Getty Images on African press releases and images    On International Museum Day, Egypt opens two new museums at Cairo Airport    Egypt's Ahly is establishing a new stadium, expected to be 'sports complex'    Old Cairo's Al-Fustat will be revamped on Egyptian President's directives    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Investing in Egypt 'right' decision amid stability, growth: French minister
Published in Ahram Online on 14 - 06 - 2021

Investing in Egypt is a right decision in light of the economic growth and stability in the North African country, French Economy and Finance Minister Bruno Le Maire said Sunday.
This came during a meeting grouping Prime Minister Mostafa Madbouly with Le Maire and his accompanying delegation. Egypt's Finance Minister Mohamed Maait, Transport Minister Kamel El-Wazir, and International Cooperation Minister Rania Al-Mashat along with other diplomats and officials were present at the meeting.
Le Maire said that the growth and stability explain France's decisions to support the running comprehensive development process in Egypt.
The French minister said that agreements, worth 4 billion Euros, are expected to be signed with Egypt, making it the first country to benefit from the French Treasury Department's facilities.
Earlier, Egypt and France signed cooperation agreements, delivering a financing package worth 1.7 billion euros -- 776 million euros from the French government and 990 million euros from the French Development Agency -- to fund Egyptian projects in the fields of transport, housing, electricity, education, and wholesale markets.
President Abdel-Fattah El-Sisi also received Le Maire to discuss Egyptian-French economic and commercial cooperation and ways to boost French investments in Egypt.
According to the Egyptian presidency, the meeting witnessed an agreement on the importance of economic and commercial cooperation between Egypt and France and the priority of boosting French investments in the country.
El-Sisi and Le Maire reviewed huge investment opportunities available for French companies in Egyptian national megaprojects like the Suez Economic Zone, 'Decent Life' Initiative, and the new cities currently being constructed nationwide.


Clic here to read the story from its source.