Cairo - U.S. companies are interested in developing the railways in Egypt, and the coming period will see more investments in this sector, Investment and International Cooperation Minister Sahar Nasr said on Tuesday. The sectors of transport, education, health and construction in the new administrative capital are also targets of investments, Nasr told reporters following the signing of an agreement, worth 200 million euros, with the French Development Agency (AFD), to develop the Mahatet el Raml tram in Alexandria. During the meeting with the AFD, the French ambassador praised the strong French-Egyptian relation and the depth of economic cooperation between both countries. He stressed France's full support to Egypt in financing development projects. The new investment law will help boost the labor-intensive projects and will provide a legislative framework and incentives for investors, Nasr added. The first draft of the executive regulation of the law is being finalized, she commented.
