Dr. Sahar Nasr, the Investment and International Cooperation Minister, met with Raymund Furrer the Economic Cooperation and Development head at the Swiss Ministry of Economic Affairs, who is visiting Egypt on 40th anniversary of Swiss-Egyptian development cooperation.
The meeting was attended by Ambassador Paul Garnier, Swiss Ambassador to Cairo, and Ambassador Reda Baibars, the European supervisor sector in the ministry.
Dr. Sahar Nasr and Raymund Furrer
Both sides discussed increasing economic, development and investment relations between Egypt and Switzerland, especially, in supporting infrastructure and private sector investments according to the strategy signed between the both countries until 2020.
They also tackled enhancing Swiss investment cooperation through the debt swap program with Switzerland and increasing Swiss investments in Egypt, to $1.85 billion in industry, energy, pharmaceuticals fields financial services and food industries.
Reda Baibars, Dr. Sahar Nasr and Raymund Furrer
Furrer will visit El-Sewedy Technical Academy to review the current project implemented by Switzerland and the European Bank for Reconstruction and Development to enhance employment opportunities and help young people to get access to job markets in Egypt, the statement noted.
On other hand, the Swiss Embassy in Cairo announced that the volume of Swiss investments in Egypt over the past 40 years has hit 700 million Swiss francs. Also, these investments are placed in more than 200 projects to enhance the country's infrastructure, the private sector and the civil society.
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