07 December 2022 02:17 AM

US companies interested in developing railways in Egypt: Minister

Wednesday، 17 May 2017 - 10:33 AM


US companies are interested in developing the railways in Egypt, and the coming period will see more investments in the sector, Investment and International Cooperation Minister Sahar Nasr said on Tuesday 16/5/2017.

The sectors of transport, education, health and construction in the new administrative capital are also targets of investments, Nasr told reporters following the signing of an agreement with the French Development Agency (AFD) to develop Mahatet el Raml tram in Alexandria.

The new investment law will help boost the labor-intensive projects and will provide a legislative framework and incentives for investors, she added.

The first draft of the executive regulation of the law is being finalized, she added.



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