Xinhua, Cairo :
A delegation of the Asian Infrastructure Investment Bank (AIIB) will conclude a trip to Egypt on Thursday by visiting the site of a national solar energy project in the Upper Egyptian city of Aswan.
The total cost of Aswan project hits around 210 million U.S. dollars.
The bank delegates held important talks with government officials and investment banks in Egypt for setting up joint ventures especially in the infrastructure and energy fields, said Finance Minister Mohamed Ma’it in a statement on Thursday.
During the meeting, the AIIB delegates explained the current economic reform measures adopted by the Egyptian government and investment projects and potentials in the country, he added.
Their meeting also dealt with the positive outcome of the reform program to upgrade the ranking of the Egyptian economy by international financial institutions, he said.
Their talks with the Egyptian side covered measure to enhance joint cooperation along with funding projects in the private sector, he added.
On Wednesday, the AIIB delegation praised government’s achievements in Suez Canal Corridor projects.
Egypt’s official MENA news agency reported that the delegation, which paid a visit to the Suez Canal area, also hailed the investment opportunities in the corridor.
Concluding its two-day visit in Suez Canal cities of Ismailia and Port Said, the delegation expressed willingness to pump new money for investments in Egypt’s infrastructure sector.
Egyptian Investment and International Cooperation Minister, Sahar Nasr, said that the Egyptian government is working to attract more investors to invest in the country’s mega projects, mainly in renewable energy, sewage networks, land reclamation and fish farming, according to MENA.
For his part, Chairman of the Suez Canal Authority and the Suez Canal Economic Zone (SCZone), Mohab Mamish, said that Egypt is keen to deepen cooperation with the AIIB in order to develop the infrastructure of the SCZone.
A delegation of the Asian Infrastructure Investment Bank (AIIB) will conclude a trip to Egypt on Thursday by visiting the site of a national solar energy project in the Upper Egyptian city of Aswan.
The total cost of Aswan project hits around 210 million U.S. dollars.
The bank delegates held important talks with government officials and investment banks in Egypt for setting up joint ventures especially in the infrastructure and energy fields, said Finance Minister Mohamed Ma’it in a statement on Thursday.
During the meeting, the AIIB delegates explained the current economic reform measures adopted by the Egyptian government and investment projects and potentials in the country, he added.
Their meeting also dealt with the positive outcome of the reform program to upgrade the ranking of the Egyptian economy by international financial institutions, he said.
Their talks with the Egyptian side covered measure to enhance joint cooperation along with funding projects in the private sector, he added.
On Wednesday, the AIIB delegation praised government’s achievements in Suez Canal Corridor projects.
Egypt’s official MENA news agency reported that the delegation, which paid a visit to the Suez Canal area, also hailed the investment opportunities in the corridor.
Concluding its two-day visit in Suez Canal cities of Ismailia and Port Said, the delegation expressed willingness to pump new money for investments in Egypt’s infrastructure sector.
Egyptian Investment and International Cooperation Minister, Sahar Nasr, said that the Egyptian government is working to attract more investors to invest in the country’s mega projects, mainly in renewable energy, sewage networks, land reclamation and fish farming, according to MENA.
For his part, Chairman of the Suez Canal Authority and the Suez Canal Economic Zone (SCZone), Mohab Mamish, said that Egypt is keen to deepen cooperation with the AIIB in order to develop the infrastructure of the SCZone.
