Kazakh investors invited to invest in Egypt

CAIRO – 10 August 2017: Kazakh investors are invited to increase their investments and expand activities of 13 companies operating in Egypt, Minister of Investment Sahar Nasr said Thursday.

Nasr made the statement during a meeting with Khazakh Ambassador Arman Issagaliyev and a delegation to commemorate 25 years of diplomatic relations between Egypt and Kazakhstan.

Renovation works of Mosque of al-Zahir Baybars in Cairo will be finished in seven months, for which Egypt obtained $4.5 million in grants from Astana, Nasr said.

Trade between Egypt and Kazakhstan is witnessing significant progress, as trade exchange increased up to 12.7 percent in 2016, representing $55.3 million, compared to $49 million in 2015.