Investments
Cooperation deals were signed with Chile, Somalia, Equatorial Guinea and the US Trade and Development Agency
The meeting aims at seeking more cooperation with EU to benefits from the Egyptian deals with a number of Arab and African countries.
Singaporean investments in Egypt reached $500 million.
The company added in a statement to the Egyptian Exchange (EGX) that the board of directors decided to open new branches to serve the company's activities.
Altmaier’s remarks came in a meeting with Egypt’s President Abdel Fattah El-Sisi.
"Through our relationship with Egypt, we support the private sector that can create jobs and achieve growth," Ian Stevesaid Monday.
Director Operations in Neighboring Countries at EIB said the bank's investments encompass fields of renewable energy, transportation, water, sanitation, and SMEs.
The deals were signed by Egypt's Minister of Investment and International Cooperation Sahar Nasr and Kuwait's Deputy Prime Minister Sheikh Sabah Al-Khaled.
Sheikh Jaber Al-Mubarak, will be accompanied, during his visit to Egypt, with a large delegation comprising a number of ministers, representatives of Kuwait Chamber of Commerce and Industry, and businessmen.
The EEIC, also known as "Egypt Ventures", is a startup fund that invests in early-stage funds, incubators and venture capital funds and also invests directly in fast growing startups.
The volume of investments injected into New Aswan city amounted to LE 1.2 billion during the period from 2014 till now, compared to EGP 750 million before that year, Housing Minister Assem el Gazzar said in a statement Wednesday.
The company will begin temporarily manufacturing on BMW assembly lines, which is the parent company of Brilliance, until a new plant is built.
Sisi urged carrying out reforms in order to enhance confidence in the Egyptian economy.
Egypt's imports from the US reached $5.4 billion in 2018, marking a 39.6 percent rise, compared to $3.87 billion in 2017, according to the bulletin.
The meetings of the committee are set to discuss the economic, trade and investment relations.
The new hospitals will be established with a total cost of LE 1 billion ($60.3 million).
It promised that investments in these underprivileged rural areas are to reach LE 6.4 billion in 2020.
The applicants shall submit their forms online and pay $10,000 or its equivalence in Egyptian pound. Then, the unit shall consider the application within only 3 months.
These investments include infrastructure, gas, petroleum, financial services, logistics, chemicals, petrochemicals, new and renewable energy and ready-made garments.
Trade exchange between Egypt and the United Arab Emirates (UAE) recorded $3 billion during January to October 2018.