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Egypt plans investment conference in Red Sea governorate

Egypt plans investment conference in Red Sea governorate
(Press release photo)

Cairo – Mubasher: Egypt's investment and international cooperation minister Sahar Nasr said Monday that the ministry plans to hold an international investment conference in the Red Sea governorate to promote investment opportunities there.

During her meeting with the governor of Red Sea, Ahmed Abdullah, Nasr said that the ministry is currently working on establishing and developing the branches of the General Authority for Investment and Free Zones (GAFI) in all governorates according to a specific timetable.

Abdullah noted that there are seven projects worth EGP 4.1 billion ready to be signed, while the governorate offered about 42 projects worth EGP 50 billion for foreign investments, according to a statement.