Investment in infrastructure, human capital top priority: minister

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Wed, 16 Jan 2019 - 10:42 GMT

The headquarters of the African Development Bank (AfDB) are pictured in Abidjan, Ivory Coast, September 16, 2016. - Reuters

The headquarters of the African Development Bank (AfDB) are pictured in Abidjan, Ivory Coast, September 16, 2016. - Reuters

CAIRO - 16 January 2018: Investment and International Cooperation Minister Sahar Nasr stressed on Wednesday that investment in infrastructure and human capital either in the health, education or entrepreneurship domains are top priorities for the political leadership in Egypt.

Infrastructure and human capital are essential for making a comprehensive development, Nasr said during a meeting with Director General of the African Development Bank (AfDB) North Africa Regional Development & Business Delivery Office Mohamed al Azizi.

She underlined the importance of rallying efforts to enhance cooperation between Egypt and the bank within the coming period.

She urged the bank to encourage African companies to invest in the Egyptian market and step up technical cooperation.

Azizi said the AfDB is keen on fully supporting Egypt within the coming period.

He lauded President Abdel Fattah El Sisi's keenness on setting up a fund to encourage Egyptian investors to pour their money in the African continent's markets.

He said the bank is ready to assist the fund, adding that it has 30 projects worth $2.8 billion.

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