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Agreement Signed to Implement Projects Worth LE565 mln in Several Governorates

Planning and Economic Development Minister Hala al-Saeed, Environment Minister Yasmine Fouad, and Local Development Minister Hesham Amna signed an agreement Sunday with Chairman of the Board of Directors of the Arab Organization for Industrialization (AOI) Mokhtar Abdel Latif to implement projects at a total cost worth EGP 565 million. ....

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Egypt's President Praises Gulf Support

Egyptian President Abdel Fattah Al-Sisi thanked the UAE and its President, Sheikh Mohammed bin Zayed, for the vast Emirati investment deal as part of the Ras el-Hekma project. On Friday, Egypt signed an investment partnership agreement with the United Arab Emirates to develop the Ras al-Hikma peninsula west of Alexandria, with investments worth $150 billion. It includes pumping about $35 billion in direct foreign investment into the Egyptian treasury within two months. ....

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