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Egypt to promote 60 projects at March economic conference: Minister

There are three main aims for the economic development conference- presenting the governments economic vision, to present investment opportunities and propose specific projects

Ahram Online , Thursday 5 Mar 2015
Salman
Minister Ashraf Salman (Photo: Al-Ahram)
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Egypt's government will promote 60 projects at the much-publicised economic development conference to be held in the resort town of Sharm El-Sheikh on the 13-15 March, the minister of investments, Ashraf Salman announced in a press conference on Thursday.

The conference is anticipated to lure back international investors scared off by four years of political turmoil since the 2011 uprising that toppled longtime autocrat Hosni Mubarak.

There are three aims for the conference according to Naglaa Al-Ahwany, the minister of international cooperation. They are to present the government's economic vision, present investment opportunities in a variety of sectors, and propose specific projects, she said.

Salman stated that the government has already been promoting ten of these projects and expects to sign final agreements for around six of them at the conference, adding that one of the projects is a power station worth $3 billion.

Investment banks will present 30 of these projects with detailed studies while the rest will be presented by government ministries, he said.

 

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El Malik Ali
06-03-2015 07:06am
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ADMIN
May RA Illuminate
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Neo
05-03-2015 05:53pm
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Great Vision
It is very refreshing and promising to see the change of direction of this government from previous economic Luddites. The only part missing is rallying the Egyptian people behind this Vision, and making them (a) feel part of it, and (b) making the sacrifices to see it realized. This should be the “National Unity”, and Purpose, everyone is hoping for. Even if the investments didn't fully materialize at the conference, keep promoting the Vision, and work at it with realistic exceptions; it took China and India 20 years to build a reasonable economy.
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