$ 500 million in FDI to Egypt via Multilateral Investment Guarantee Agency

$ 500 million in FDI to Egypt via Multilateral Investment Guarantee Agency

Minister of International Cooperation Rania Al-Mashat - Press Photo







CAIRO – 18 April 2021: The Multilateral Investment Guarantee Agency (MIGA) supported the influx of foreign direct investments to Egypt worth $ 500 million in many sectors, including extractives and infrastructure, MIGA officials said in a virtual meeting with Egypt's Minister Rania Al-Mashat.

 

Minister of International Cooperation, Rania Al-Mashat, held a virtual meeting with officials of the Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group.

 

The meeting comes within the framework of the Minister of International Cooperation's discussion with multilateral and bilateral development partners, to enhance the participation of the private sector in development plans, as it is a key partner in the efforts made by the state to achieve economic recovery and sustainable growth, and to discuss the proposed areas of cooperation for the international agency to ensure investment in Egypt, according to