Egypt Independent

Egypt promotes investment opportunities at ‘Davos in the Desert’



Minister of Investment and International Cooperation Sahar Nasr participated in Saudi Arabia’s “Davos in the Desert” conference on Wednesday, discussing investment opportunities with investors, chairmen of major companies and businessmen from different countries.

Nasr attended a session titled “Who will dominate the future: private equity or public markets?” She spoke about the role of private equity funds and major companies in global financial markets.

Nasr asserted that Egypt was keen on encouraging the private sector and foreign companies to investment in Egypt, aiming to create job opportunities and reduce poverty.

Nasr called on injecting new investments in the giant projects, notably the Suez Canal Corridor and the New Administrative Capital, along with around 1,000 investment opportunities in the various Egyptian governorates.

Nasr also discussed the increase of Saudi investments in Egypt during a meeting with Saudi Arabia’s Public Investment Fund head Yasser al-Rumayan after the Egyptian-Saudi Business Council decided to increase investment to $51 billion in the Suez Canal and energy projects.

Edited translation from Al-Masry Al-Youm