25 October 2017

Egypt: Sisi Meets French Finance Minister, Signs Four Loi

Egyptian President Abdel Fattah El Sisi conferred on Wednesday 25/10/2017 with French Finance Minister Bruno Le Maire on means of buttressing economic cooperation and establishing new projects.

A statement released by the French Finance and Economy Ministry said the French minister underlined the importance of economic partnership with Egypt in the various sectors, saying the new projects can be implemented in the coming months.

Le Maire also probed providing more facilities to up investment and trade exchange, asserting his country's backing for the economic reforms launched by Sisi two years ago.

Sisi is scheduled to meet with heads of 25 French companies operating in Egypt or willing to set up branches in Cairo.

The meeting will cover investment opportunities in the fields of energy, communication, transportation and sustainable cities.

The two sides are expected to sign four letters of intent (LOI) to support youth projects of mobile food carts and urban transportation in the Egyptian city of Mansoura.

Egypt's Railway Authority will also sign LOI with the French National Railway (SNCF) and the French independent transportation authority to establish a new metro line.

President Sisi arrived in Paris on Monday night on a three-day visit to French. He is accompanied by Foreign Minister Sameh Shoukry, Minister of Trade and Industry Tarek Qabil, Minister of Finance Amr el Garhy, Minister of Planning and Administrative Reform Hala el Saeed and Transport Minister Hisham Arafat.


African Artists Wow Another Continent Down Under

In recent years, increasing numbers of people have moved from all parts of Africa to Australia. The largest numbers have… Read more »

See What Everyone is Watching

Copyright © 2017 Egypt State Information Service. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 600 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.