Egypt ready to sign contracts

President Abdel Fatah Al-Sisi has said that Egypt is prepared to sign a number of contracts and tenders, Minister for Economic Development Federica Guidi told Italian state broadcaster RAI on Wednesday.

"I cited some possible contracts," she said after a meeting with the Egyptian head of state and enterprises from an entrepreneurial mission underway in Cairo, "which may be signed soon."

She answered a question on whether the meeting had discussed a possible Italy-Egypt summit to be held in the near future in Egypt that "we agreed to work together even in the next few months.

We have some enterprises that have a historic presence in Egypt" and others with contracts that have been activated for potential projects. On the project for the development of the Suez Canal area, the minister said that it was "one of the large opportunities that Egypt offers".