Cairo – Mubasher: The Egyptian ministry of investment and international cooperation has signed two agreements with the Kuwait Fund for Arab Economic Development with a total value of EGP 2.28 billion on the sidelines of the Africa 2018 Forum. 

The two deals will finance water projects in Bahr El-Baqar and South Sinai, according to minister Sahar Nasr. 

Meanwhile, the Suez Canal Economic Zone also signed a number of agreements with local and international investors for projects in Ain Sokhna and West Port Said. 

Trade exchange between Egypt and the Common Market for Eastern and Southern Africa (COMESA) has exceeded $2 billion last year, according to trade and industry minister. 

The Africa 2018 Forum is an international, landmark event hosted under the patronage of the President of Egypt, Abdel Fattah Al Sisi, under the theme “Business for Africa and the World”, with the aim to promote greater economic integration through increased investment flows into Africa. 

The forum is taking place from 8 to 9 December 2018 in Sharm El Sheikh.