PM attends signing of agreement with Lazard Ltd

Prime Minister Mostafa Madbouli attended on Wednesday the signing ceremony of an agreement between the Investment and International Cooperation Ministry and the world’s financial adviser Lazard Ltd.

The event was held on the sidelines of the ongoing World Economic Forum (WEF) in Davos.

The deal comes in implementation of President Abdel Fattah El Sisi’s directives to increase foreign investments in Egypt, Madbouli said.

He added that the government took several steps over the past period to improve the investment climate and remove obstacles facing investors.

For her part, Investment and International Cooperation Minister Sahar Nasr said the agreement comes in line with the government’s plan to attract giant investment firms into the country.

She noted that the selection of Lazard came after receiving offers by several investment giants to promote foreign investments in Egypt.

Source: State Information Service Egypt