Egypt conference agrees billions in investments

Egypt had signed investment deals worth billions of dollars by Saturday, the second day of a three-day conference aimed at reviving the country`s troubled economy.

Egypt had signed investment deals worth billions of dollars by Saturday, the second day of a three-day conference aimed at reviving the country`s troubled economy.

Following is a list of major deals and their investors:
-- British Petroleum, in partnership with Russia`s DEA

A record investment of USD 12 billion (11.4 billion euros) in Egyptian gas fields on the West Nile Delta, despite a surge in deadly militancy in Egypt.
-- Siemens

The German conglomerate has reached firm agreements for power sector projects with Egypt worth several billion euros, the company said Saturday.

A spokesman said there was a "binding agreement" worth 4 billion euros for a 4.4-gigawatt combined cycle power plant, and a 2-gigawatt "wind power capacity".

Memorandums of understanding were reached for deals possibly worth 6 billion euros, he said.
-- AlSudain Group

Egypt signed a USD 6-billion deal with the UAE`s AlSudain Group for crop storage and developing a commercial zone in Ain Sokhna on the Red Sea.
-- Islamic Development Bank

A USD 3.8-billion, 10-year loan deal was signed with the Saudi-owned Islamic Development Bank for building a power plant near Cairo.

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