Riyadh - Mubasher: The Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank (IDB), has signed a memorandum of understanding with the Egyptian Ministry of Investment and International Cooperation.

According to an official statement, the agreement aims at supporting Egypt’s economic development and encouraging foreign investments, as the organization seeks strengthening integration between member countries, especially through public-private partnerships.

The Egyptian minister of investment and international cooperation, Sahar Nasr, said that Egypt is looking forward for the support of the ICD to attract more investments.