Egypt to present 30 investment projects worth $20bn at Economic Summit: Investment minister

Egypt will present 30 different investment projects worth a total of $20bn at the Economic Summit in March, Minister of investment Ashraf Salman said Sunday.

Egypt will continue to develop despite the insistence of certain parties to cause devastation, Prime Minister Ibrahim Mehleb said on Sunday, assuring that the Economic Summit will take place as scheduled this March in Sharm El-Sheikh, and there are no intentions to postpone.

Speaking at a press conference in that regard, Mehleb said the upcoming parliamentary elections convey a strong message to business communities, that Egypt is on the right path, economically and in terms of security, and that it will continue to map its future.

The prime minister further noted all efforts are being taken to complete the necessary steps for the summit in connection with all Arab countries. The government is in regular communication with the world, he said, in order to correct Egypt’s image abroad to reassure fellow countries that the security situation in the country is stable.

Mehleb added that the summit will include 12 sections pertaining to various fields such as health and education.