Egypt inks investment deals worth $36.2 bln at summit: PM

Egyptian Prime Minister Ibrahim Mahlab briefs journalists in Sharm el-Sheikh on Friday. (File Photo: AP)

Egypt singed $36.2 billion in investment deals during the two-day economic summit held at Sharm el-Sheikh this weekend, Egypt’s prime minister was quoted by local media as saying on Sunday.

Ibrahim Mehleb, who was speaking during the closing ceremony of “Egypt The Future,” said that most of the investments came from Saudi Arabia, Kuwait as well as the United Arab Emirates.

During his speech, Mehleb praised the role of all state institutions as well as the media in helping to make the summit a successful one.

He also said: “With the closing of the summit, everyone understands the meaning of leadership and commander,” in reference Egyptian President Abdel Fattah al-Sisi.

The international conference was attended by some 2,000 officials and executives at the resort town of Sharm el-Sheikh.

Last Update: Wednesday, 20 May 2020 KSA 09:45 - GMT 06:45