Lazard to promote Egypt’s investment opportunities

Mohamed Samir
2 Min Read

Davos- Minister of Investment and International Cooperation, Sahr Nasr signed an agreement with the global asset management firm Lazard on Wednesday, to promote investment opportunities in Egypt.

 The agreement signing took place on the sidelines of the World Economic Forum Annual Meeting 2019 and was witnessed by Egypt’s Prime Minister Moustafa Madbouly.

 Madbouly said that agreement comes in accordance with the directives of President Abdel Fattah Al Sisi to increase foreign investments in Egypt(FDI).

 Egypt is participating in this year’s WEF meeting with a large delegation, headed by the Prime Minister, and includes the Ministers of Industry and Trade, Tourism, Finance, and Investment

The delegation’s main purpose is to present Egypt’s investment opportunities in the local market and to boost FDI in the country.

Moreover, Nasr explained that the agreement aims to benefit from the international expertise in FDI promotion, noting that after studying a number of offers in this regard, was completed to suit the offer from Lazard.

She added that Egypt’s presence in the forum aims to convey the message that the country is ready to attract more investments after the comprehensive economic reforms adopted, paving the way to more private sector participation in the economy and in strategic sectors such as energy and renewable energy.

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Mohamed Samir Khedr is an economic and political journalist, analyst, and editor specializing in geopolitical conflicts in the Middle East, Africa, and the Eastern Mediterranean. For the past decade, he has covered Egypt's and the MENA region's financial, business, and geopolitical updates. Currently, he is the Executive Editor of the Daily News Egypt, where he leads a team of journalists in producing high-quality, in-depth reporting and analysis on the region's most pressing issues. His work has been featured in leading international publications. Samir is a highly respected expert on the Middle East and Africa, and his insights are regularly sought by policymakers, academics, and business leaders. He is a passionate advocate for independent journalism and a strong believer in the power of storytelling to inform and inspire. Twitter: LinkedIn:
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