Egypt Seeks Investors for Infrastructure Projects, Minister Says

Egypt is looking for local and foreign investors to participate in public-private partnerships for infrastructure projects starting in April, Finance Minister El Morsi Hegazi said in an e-mailed statement today.

The government is seeking investor interest in eight to 10 projects, including the development of the Safaga industrial port on the Red Sea coast, three water desalination plants in Sinai, the Red Sea and Matrouh provinces, and a railway line to industrial zones in 10th of Ramadan City.

A new investment plan will be drawn up within eight weeks, with a focus on developing the Suez Canal region, Hegazi said. The current plan already includes 400 development projects.

To contact the reporter on this story: Nadine Marroushi in Cairo at nmarroushi@bloomberg.net

To contact the editor responsible for this story: Alaa Shahine at asalha@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.