Egypt's investment minister, Swiss ambassador discuss new strategy to boost business

Egypt's Investment and International Cooperation Minister Sahar Nasr met with Swiss Ambassador to Cairo Paul Garnier on Sunday to discuss a new strategy aimed at increasing Swiss investments in Egypt over the next three years, the ministry said in a statement.
Potential areas for investment under the proposed strategy include the Suez Canal Economic Zone and the New Administrative Capital, Nasr said.

The Swiss Cooperation Strategy Egypt 2017-2020 has a budget of CHF 86 million ($87,177), according to the Swiss embassy in Cairo.

The Swiss ambassador also said during the meeting that a Swiss business delegation headed by Swiss Minister of Economic Affairs will visit Egypt in November.

Nasr stressed the importance of "inclusive economic development, eliminating unemployment and illegal immigration, and empowering women and youth," the statement said.