The minister of investment and international cooperation, Sahar Nasr, revealed that an investment agreement in New Alamien City has been signed with the Ministry of Local Development to establish a new project.
The details of the new project will be announced after signing the agreement, Nasr added.
The minister made this remark during the third edition of Amwal Al Ghad Annual Award Ceremony that take place on Monday to honour the Top 100 Companies and the Top 50 Women Performing in Egypt for the year 2017.
Under the auspices of Egyptian Prime Minister Sherif Ismail, the event will gather around 800 leaderships from government and business community in various sectors.
Nasr Further noted that the economy indexes during the first quarter of 2017 are encouraging the government to achieve high rates by the end of the current financial year.