|09 July, 2019

German investments in Egypt hit $7.4bln – minister

Development cooperation between the two countries is valued at $2.4bln

Image used for illustrative purpose. A bank employee counts U.S. hundred dollar bills at Kasikornbank in Bangkok in this January 21, 2010 file photo. Image used for illustrative purposes

Image used for illustrative purpose. A bank employee counts U.S. hundred dollar bills at Kasikornbank in Bangkok in this January 21, 2010 file photo. Image used for illustrative purposes

REUTERS/Sukree Sukplang

Cairo –  German investments in Egypt reached $7.4 billion, the Egyptian minister of investment and international cooperation said in a statement on Tuesday.

In addition, development cooperation between the two countries is valued at $2.4 billion, Sahar Nasr added.

Nasr, along with other Egyptian ministers, discussed with German officials the means to step up cooperation in several sectors including energy, renewable energy, sustainable development, and infrastructure projects.

Source: Mubasher

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