Egypt looks to success after investment conference | glObserver Global Economics


Garnering additional investment , loans and assistance packages than had been widely expected, Egypt’s Economic Development Conference(EEDC) secured investment contracts worth $36.2bn, an additional $18.6bn in infrastructure contracts to set up power plants, and $5.2bn in loans from international financial institutions.

Source: globserver.cn

During the opening ceremony at the three-day event, held in Sharm El Sheikh, Saudi Arabia, Kuwait and the UAE – which combined have by presently disbursed billions in grants and concessionary loans to Egypt in recent years – pledged an additional total of $12bn in economic assistance to the country.

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Author: globserver

Director of Eyecom china

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