President Abdel Fattah El-Sisi states that the 40 new cities launched in the previous years have added EGP 10 tn of assets to Egypt’s asset portfolio, Invest-Gate reports.

El-Sisi notes that Egypt’s strategy is based on conducting reformations in conjunction with building new projects.

El-Sisi adds during the Economic Conference – Egypt 2022 that the company managing the New Administrative Capital has liquidity at banks ranging between EGP 42 bn and EGP 45 bn as credit for developers of projects at NAC.

The Economic Conference – Egypt 2022 started today and will end on Tuesday, October 25th. The event discusses the current situation of the Egyptian economy and its future.

The conference is attended by key economists, thinkers, and specialized experts.