US Companies Willing to Invest in Egypt’s Transportation Sector

US Companies Willing to Invest in Egypt’s Transportation Sector

US companies are willing to invest in Egypt’s transportation sector through developing railways, Invest-Gate reports.

Minister of Investment and International Cooperation Sahar Nasr states such willingness to reporters after the signing of an agreement with the French Development Agency to develop a tram in Alexandria. Nasr also says that the US is planning to pump investments in the New Administrative Capital, according to a released statement.

“The new investment law seeks to boost labor-intensive projects and will provide various investment incentives,” says Minister of International Cooperation Sahar Nasr, as the first executive regulation of the law will be completed soon.

Fatma Khaled 379 Posts

An aspiring journalist always seeking to deliver the best of everyday's news. I am a very enthusiastic Egyptian who is committed to journalism and what I could give as a journalist/ writer through reporting on business and political news.

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