Egypt expects $1.3bn in Italian investments

March 24, 2014 2:25 am

Egypt’s foreign affairs ministry has said the government expects to sign EGP9.1bn ($1.3bn) worth of investment agreements with Italy, Ahram has reported. The Italian investments in Egypt will target energy and infrastructure projects, and should be finalised in the next three weeks, said minsitry. Italy is Egypt’s second-largest foreign-trading partner and its top trading partner in Europe, Egypt’s ambassador to Italy, Amr Helmy, said.