Egypt’s Minister of Supply Khaled Hanafy said a major economic summit will be held on February 21 in the resort town of Sharm El Sheikh, according to Ahram Online.
The event is aimed at encouraging international investment in Egypt, the minister added. During the summit, Egypt's government will present 15 mega-projects worth $100 billion, Hanafy said, according to state daily Al-Ahram on Saturday.
The summit will host international companies and organisations, to encourage them to invest in the country.
Egypt has already completed the planning of a project to build an international shopping zone on one thousand feddans of land near the Suez Gulf, which should create around 500,000 jobs, said Hanafy.
A commodities exchange project, which is expected to cost $14 billion and have a storage capacity of up to 40 million tons, will also be presented at the summit.
Egypt announced last month that it will request an assessment from IMF of the country’s economic and financial affairs ahead of the summit, known as an Article IV consultation.
The event is aimed at encouraging international investment in Egypt, the minister added. During the summit, Egypt's government will present 15 mega-projects worth $100 billion, Hanafy said, according to state daily Al-Ahram on Saturday.
The summit will host international companies and organisations, to encourage them to invest in the country.
Egypt has already completed the planning of a project to build an international shopping zone on one thousand feddans of land near the Suez Gulf, which should create around 500,000 jobs, said Hanafy.
A commodities exchange project, which is expected to cost $14 billion and have a storage capacity of up to 40 million tons, will also be presented at the summit.
Egypt announced last month that it will request an assessment from IMF of the country’s economic and financial affairs ahead of the summit, known as an Article IV consultation.
Source:
Mubasher
