UNDP top official praised Egypt’s positive step to achieve sustainable development
The Minister of Investment and International Cooperation Sahar Nasr held two meetings, one with Hussein Shobokshi, Saudi investor and chairman of Naeem Holding Company, and the other with the head of Majid Al Futtaim Egypt, Abdalla El-Nockrashy, to discuss increasing their investments in Egypt. Meetings had been fruitful, indeed, Shobokshi aid his company got the approval of establishing the first real-estate fund in Egypt, and its first investment tranche is worth EGP 1bn. He also discussed with El-Nockrashy the ways of increasing his company’s investments in Egypt. The minister stated that she is consulting with international institutions in order to improve the investment atmosphere. Globally Egypt is becoming an Economical power, for its area but also further.