Egypt’s inflows in Africa hit $7.9bn - COMESA

Cairo – Mubasher: Egypt’s investment in Africa amounts to $7.9 billion over 62 projects, while African investments in Egypt stand at $2.8 billion, director of the Common Market for Eastern and Southern Africa’s (COMESA) Regional Investment Agency (RIA) Heba Salama told MENA.

Egypt had started investing in African countries since 1970 in the fields of construction and engineering, chemicals, pharmaceuticals, telecommunication, electronics, and financial services, Salama highlighted. 

Furthermore, African investments in Egypt cover the agricultural, industrial, financial services, tourism, construction, telecommunication and information technology sectors, she added.

The annual Africa 2017 Forum has launched on Thursday, 7 December in Sharm El Sheikh. Over 100 speakers and 1,500 delegates would discuss regional integration and job creation in the three-day forum.

Mubasher Contribution Time: 07-Dec-2017 13:29 (GMT)
Mubasher Last Update Time: 07-Dec-2017 19:22 (GMT)

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