He confirmed that the wise leadership of President Abdel Fattah El Sisi and economic reforms contributed to creating a suitable investment atmosphere.
This agreement aims to secure immediate funding from multilateral and bilateral development partners for budgetary support and assistance in mitigating the impact of the pandemic.
The insurance will enable Noble Energy Inc. of Houston, Texas to restore the 90-kilometer EMG Pipeline running from the coastal city of Ashkelon, Israel and under the Mediterranean Sea to its destination in Al-Arish, Egypt.
Sisi has called on Hungarian companies to invest in Egypt in the energy and industry sectors. Egypt is among the countries with the highest investment revenues.