Investment Minister agrees with ICD on funding infrastructure projects

Minister of Investment and International Cooperation Sahar Nasr said on Sunday April 14,2019 that there are vast opportunities for investment in Egypt especially in the Suez Canal Development corridor, the New Administrative Capital and New Alamein City.

The minister’s remarks came following her meeting with CEO of the Islamic Corporation for the Development of the Private Sector (ICD), an affiliate of the Islamic Development Bank (IsDB), Ayman el Segeny on the fringe of Spring Meetings of the World Bank currently being held in Washington.

A statement released by the Ministry of Investment said the two sides agreed on activating a memorandum of understanding signed between the Ministry and ICD on furthering cooperation in the field of funding infrastructure projects through partnership between the public and private sectors.

They also discussed increasing cooperation in the field of business leadership, supporting the foundations of the private sector as well as future plans of the corporation to expand its activities in Egypt.

Source: State Information Service Egypt