Minister of Investment and International Cooperation
The minister on Monday met with representatives of major Omani companies in Muscat to follow up the results of President Abdel Fattah El Sisi’s visit to Oman last year.
Egypt ranked fifth among countries that attract investments after setting its reform program.
Thumbay said that the value of the prospective deal is LE5 billion ($281 million).
Nasr asserted also Egypt's support for development efforts in Africa in the technology, mechanization, infrastructure, entrepreneurship and youth empowerment fields.
Minister of Transport Hesham Arafat said the contract is for 76 months between the National Authority for Tunnels and the Korean company Hyundai Rotemm.
Nasr said the coordination council will help create joint investment opportunities especially in the sectors of excavation, exploration, real estate, tourism and financial services.
The forum, held under the theme "Transformation towards sustainable and resilient societies".
Minister of Environment attended the signing ceremony which was held on the fringe of the Economic and Social Council Forum on Financing for Development, currently in session in New York.
Minister Nasr signed five agreements Tuesday with Kuwait Fund for Development, with a total value of KWD 86.1 million, within the framework of developing Sinai.
She added that after 2014, Egypt started its economic reform program of which creating a propitious investment atmosphere was a major pillar.
Proposed amendments to Capital Market Law aim at complying with international rules and pumping additional instruments into the Egyptian market, ministerSahar Nasr said.
Parliament approved on Sunday a set of amendments to Egypt’s Companies Law.
The development operation will tackle improving health and housing environment, as well as supporting education institutions.
A huge participation of Egyptian and German companies is expected at the joint Egyptian-German Investment Forum in Berlin.
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