Investors answer Egypt's call.

Author:Dalby, Alexa
Position:Egypt Economic Development Conference - Conference news - Brief article
 
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International investors and donors pledged $138bn during the Egypt Economic Development Conference, an event organised by the government of Abdel Fattah Al Sisi in an attempt to boost the country's recovery from four years of political unrest.

The conference, hosted in the holiday resort of Sharm El-Sheikh, offered investors an opportunity to reengage with a country that has struggled to attract outside " capital since the fall of the Hosni Mubarak regime in 2011, and the subsequent military overthrow, in 2013, of the government that succeeded it.

On the table was a $40bn housing project and a $45m plan to build a new capital city. Siemens, the German industrial conglomerate, agreed...

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