Major European investment funds to inject cash in Egypt as economy recovers

Major European investment funds have expressed their intention to inject cash in the Egyptian market as economic reform plans start to pay off for the biggest in North Africa.

This delegation manages financial investments of more than $1tr and is visiting Egypt at the invitation of BNP Paribas, said Minister of Finance Amr El-Garhy.

He explained that these representatives are already investing in Egyptian treasury bills, whether in the local or world market.

The investment delegation represent a group of major investment funds from different countries, according to El-Garhy.

Moreover, the delegation also includes representatives of international companies interested in direct investment in the Egyptian market, especially in the energy and infrastructure sectors.