Indian investments in Egypt reach $3.2bln – minister

Egypt’s Minister of Trade and Industry Ahmed Samir said on Saturday that Indian investments in the country has reached $3.2 billion divided over 52 projects in several fields including food industries, chemicals, and tourism.

Both countries’ relationship has extended based on bilateral ambitions to maintain economic and social development and boost cooperation in various fields, especially trade, investment, and cultural exchange.

These remarks came on behalf of Prime Minister Moustafa Madbouly during the 21st annual forum of the Confederation of Real Estate Developers’ Associations of India held in Sharm El Sheikh.