Agreement Signed with UNDP to Set up the First National Impact Investment Fund in Egypt

June 2017

On 21 June 2017, the Minister of Investment and International Cooperation Dr. Sahar Nasr signed an agreement with Country Director of the United Nations Development Programme (UNDP) Ms. Randa Abu al-Hosn to establish the first National Impact Investment Fund in Egypt, in presence of Chief of the United Nations Social Impact Fund (UNSIF) Mr. David Galipeau and Director of the Operational Unit for Development Assistance (OUDA) Dr. Tamer Naeem. The Minister stated that the Fund would be co-financed by the UNDP and Egypt’s Entrepreneurship Company recently established by MIIC, noting that

Increase of Indian Investments and Developments of Al-Azhar University Excellence Center Project Discussed with the Indian Ambassador to Cairo

June 2017

The Minister of Investment and International Cooperation Dr. Sahar Nasr met with the Indian Ambassador to Cairo Mr. Sanjay Bhattacharyya within the framework of her constant keenness and efforts to enhance cooperation relations with Egypt’s development partners, including India. The Minister hoped that bilateral relations would be strengthened and depended and new horizons of cooperation would be opened up during the upcoming period. Both sides discussed the increase of Indian investments in Egypt and expansion in the Egyptian market. Within this framework, the Minister

Representatives of British Companies Emphasize the Increase of their Investments in Egypt during the upcoming period

June 2017

Dr. Nasr: “The new Investment Law guarantees incentives for investors and the investment map will include various investment opportunities”. The Minister of Investment and International Cooperation Dr. Sahar Nasr met with several major British companies investing in Egypt, in presence of Chairman of the British-Egyptian Business Association (BEBA) Mr. Khaled Nosseir and officials from the British Embassy in Cairo. Directors and representatives from the companies of Vodafone, Carillion, Actis, GlaxoSmithKline and HSBC took part in the meeting. The Minister welcomed the Bri

Ministers of Electricity, Investment and Industry Discuss Procedures for the USD 500 Million 3rd Tranche with the AfDB Mission

June 2017

On 18 June 2017, the Minister of Electricity and Renewable Energy Dr. Mohammed Shaker, the Minister of Investment and International Cooperation Dr. Sahar Nasr and the Minister of Trade and Industry Eng. Tarek Qabil held a meeting with the AfDB mission headed by Ms. Leila Mokaddem, AfDB Country Manager, in presence of GAFI's Acting CEO Ms. Mona Zobaa and Undersecretary of the Ministry of Petroleum Mr. Osama Mobarez. The Meeting discussed procedures of the third tranche worth USD 500 million, under the AfDB's USD 1.5 billion funding provided to support Egypt's economic program and to imp