600 hotel rooms booked: Egypt chooses partners for economic summit

The government is close to sealing contracts with two global companies to offer consulting services at the Economic Summit Conference, to be held in Sharm El-Sheikh in 2015.

Al-Borsa newspaper learned that the government chose Lazard, a financial consulting company, to prepare the conference, and HAVAS to organise the conference and undertake the logistics.

The government intends to organise the summit on 21-22 February 2015 in Sharm El-Sheikh, and according, to previously ministerial statements, intends to attract investments to fund projects worth approximately $80bn.

Global financial consulting company Lazard prepared a study to reform Egypt’s economy last year, in which it specified the amount of investments required.

Lazard will be charged with preparing and formulating plans and investment opportunities to be offered during the conference, after preparing a detailed study on a vision and strategy for a social and economic reform plan. The group will also organise meetings with global investors to follow up on the conference’s results, and market the projects offered which were not agreed upon during the conference.