MIGA to Re-enter the Egyptian Market through Providing Guarantees worth USD 210 Million, Dr. Nasr

September 2017

The Minister of Investment and International Cooperation and Egypt’s Governor at the World Bank (WB) Dr. Sahar Nasr announced that the Executive Board of the Multilateral Investment Guarantee Agency (MIGA), affiliated to the WB, approved, during its meeting in the US capital “Washington”, the provision of guarantees worth USD 210 million to a number of major international companies participating at the largest project of its kind for producing solar power in Egypt. The project will be established in Aswan and co-financed by the International Finance Corporation (IFC), affiliated to the WB, and the E

We are Racing Against Time to Attract Investments to be Directed to People in Rural and Urban Communities, Dr. Nasr

September 2017

Dr. Nasr: “Egypt is qualified to become a hub for local and foreign investments … Cutting red tape is the key to real reform” On the occasion of the 2 day-Euromoney Conference to be held in Cairo tomorrow, the Minister of Investment and International Cooperation Dr. Sahar Nasr emphasized that the government’s main goal was to achieve growth rates through attracting further local and foreign investments, which would lead to increasing growth rates and job opportunities. she noted that they were racing against time to achieve growth for the benefit of the people of Upper Egypt, Delta and

Implementation of the Financial Inclusion Global Initiative Discussed with Bill & Melinda Gates Initiative

September 2017

Dr. Nasr: “We work on introducing new financial instruments and supporting microfinance and the non-banking financial sector”. The Minister of Investment and International Cooperation Dr. Sahar Nasr met with Bill & Melinda Gates’ Senior Advisor Mr. Christopher Calabia at MIIC premises. Both sides discussed the implementation of the Financial Inclusion Global Initiative (FIGI), which is considered joint efforts between Bill & Melinda Gates, the World Bank Group (WBG), the Committee on Payments and Market Infrastructures (CPMI) and the International Telecommunication Union (ITU). It is worth

Dr. Nasr Witnesses the Signing of an MOU between GAFI and a Singaporean Company

September 2017

Dr. Nasr: “The MOU is the outcome of my recent visit to Singapore with Adm. Mohab Mamish”. The Minister of Investment and International Cooperation Dr. Sahar Nasr witnessed the signing of an MOU between GAFI’s Vice-CEO Advisor Mohammed Abdul-Wahab and Chairperson of SECC Holdings in Singapore Mr. Zuoyi Xi in the field of investment zones’ development, management and marketing. The Minister indicated that the MOU came within the framework of MIIC’s constant keenness on promoting investment through the establishment and development of investment and free zones, being one o