The Internal Trade Development Authority (ITDA) and a delegation of the Italian confederation of economic development have agreed to organize a conference in Rome for promoting Egypt's investment opportunities among Italian companies.

Foreign direct investments in Egypt amounted to $9 billion, ITDA chief Ibrahim Ashmawy said in a statement.

Italian companies have a great opportunity to pump investments in Egypt to benefit from economic reforms applied in the country and its position as a gateway to Africa and the region, he added.

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