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  • 10-12-18

    Egypt secures several contracts in Africa Forum

    (MENAFN) The Africa 2018 Forum resulted in Egypt securing a number of development agreements with different sides.

    The Suez Canal Special Economic Zone (SCZone) inked various investment pacts with domestic and foreign investors during the forum held in Sharm el-Sheikh.

    Egyptian Minister of Investments and International Cooperation Sahar Nasser was able to sign an USD51.2 billion contract with Italy's Ambassador to Egypt Giampaolo Cantini on the growth of the private sector in Egypt.

    Egypt's government also achieved a couple of deals with Kuwait Fund for Arab Economic Development (KFAED), with one of the deals, valued at USD78.1 million for the initiative to set up a system for the sanitation of Bahr Al-Baqar.

    The second deal between the government and the KFAED, signed at a worth of USD4.9 million, is for the financing of the establishment of four water desalination plants in South Sinai.

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