Germany to Pump Investments Worth EUR 203.5 mn in Egypt

Sunday, 5th March 2017

Germany is planning to pump investments worth EUR 203.5 mn in Egypt to fund future developmental projects and boost the national economy, Invest-Gate reports.

The envisioned projects cover the sectors of education, renewable energy, irrigation, as well as small- and medium-sized enterprises.

The new German investments were announced in a statement released by Minister of Investment and International Cooperation Sahar Nasr on March 2. It also came ahead of President Abdel-Fattah El-Sisi’s iconic summit with German Chancellor Angela Merkel later in the day.

Nasr also held talks with German Chancellor’s Africa Representative Guenter Nooke, where they discussed a German initiative aiming to encourage economic growth in Africa, providing job opportunities, and easing the flow of German investments into the African continent.

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