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Thursday, 14 November 2019

'Egypt prioritises SMEs, investing in human capital,' Minister Nasr tells Swiss official

Doaa A.Moneim , Tuesday 15 Oct 2019
Egypt, Switzerland
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Egypt's Minister of Investment and International Cooperation Sahar Nasr told a Swiss official that Egypt's government prioritises small, medium, and micro-sized projects as well as investing in human capital, especially in the education and healthcare sectors.

Nasr made the statements during a meeting on Tuesday with Raymund Furrer, the head of economic cooperation and development at the Swiss State Secretariat for Economic Affairs.

Nasr and Furrer discussed increasing economic, developmental, and investment cooperation between Egypt and Switzerland, especially in infrastructure and investment.

The two sides also discussed enhancing cooperation through the loan exchange programme with Switzerland, which allows loan allocations for new developmental projects in Egypt's most needy governorates. They also discussed increasing the Swiss investments in Egypt, which have reached $1.85 billion in industry, energy, pharmaceuticals, financial services, and the food industries sectors.

"We have invested EGP 11.5 billion in more than 200 projects in Egypt, which enhance infrastructure and improve the private sector," Furrer added.

Nasr called on Furrer and the Swiss ambassador in Egypt to participate in the 'Invest for Africa Forum,' which is scheduled to be held in Cairo on November under the patronage of Egypt's President Abdel-Fattah El-Sisi.

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