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Foreign investments in power projects,
reflect Egypt's strong economy
Egypt, Economics, 12/28/1999
Minister of Electricity and Energy Ali el-Sa'idi said the increasing foreign investments in establishing power stations mirror the world companies confidence in Egypt's strong economy and to how far the country enjoys economic and political stability.
He further said that investors are committed to international technical and legal specifications.
The minister called on Egyptian investors to get access to this field, stressing the government's keenness on supporting power projects.
Sa'idi affirmed that it was agreed upon making Egypt a hub for electricity bourse following the implementation of power grids. "Egypt will maintain great income through exchanging power with Middle East countries," said the minister.
He added that the country provides new cultivated lands with power in order to increase plots of agriculture lands, increase production and create new job opportunities.
Previous Stories:
Chinese investments up to $40 million
(12/27/1999)
Mission for marketing Egyptian products in three European countries
(12/27/1999)
Danish economic delegation to visit Cairo in January
(12/24/1999)
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