Gulf assistance to Egypt worth $23bn

GMT 21:07 2015 Monday ,02 March

Arab Today, arab today Gulf assistance to Egypt worth $23bn

Investment Minister Ashraf Salman
Dubai - MENA

 Egyptian Investment Minister Ashraf Salman has put the value of Gulf assistance to Egypt over the past period at 23 billion dollars.
Addressing a conference on investment in Egypt and the Middle East Monday, Salman said Gulf countries have also supported political changes in Egypt.
Such support helped Egypt complete its political transition, the minister noted.
Egypt-Gulf relations are based on a common history and future, Salman said.
Regional countries are partners in the fight against extremist terrorism, he told the conference, adding that Egypt is also a factor of regional stability.
Salman expected Gulf support for Egypt to continue in the coming stage.
He touched upon reform and restructure measures to improve the climate of investment in the country and rebuild the economy.
Egypt is also seeking to attract foreign direct investments to reduce inflation rates, create jobs and increase employment rates.


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