Egyptian Cabinet targets signing final agreements of 7 Memorandums of Understanding (MoUs) in real estate sector within the upcoming two weeks, Ashraf Salman - Minister of Investment- told Amwal Al Ghad on Wednesday. The 7 MoUs was signed during Egypt Economic Development Conference (EEDC) that has been held on 13-15 March in Sharm el-Sheikh. The formed committee to follow up the latest developments in the projects -signed in EEDC- is currently eying signing the final agreement of new administrative capital project, the minister added, asserting that the Emirati side has appointed international lawyer to follow up project's procedures. Moreover, Salman clarified that the committee holds regular meetings; at the end of every week, to review all MoUs that has been signed in different sectors as well as to connect with foreign investors.
