Investment, housing ministers discuss infrastructure projects with WB official

CAIRO - 3 April 2019: Investment Minister Sahar Nasr and Housing Minister Assem el Gazzar met Wednesday with Mirza Hassan, Dean of the Board of Executive Directors at the World Bank, to discuss cooperation in implementing infrastructure projects.

A statement by the Housing Ministry said Wednesday that the WB had contributed to the first phase of a social housing project and the first phase of a sustainable sanitation program, each worth $500 million.

It also supported the second phase of the sanitation program, which cost $300 billion, the statement added.

Gazzar offered a detailed explanation of the different development projects currently being implemented in Egypt, including one to upgrade the national road network and another to develop the Suez Canal Corridor, it noted.

Nasr, for her part, stressed the importance of cooperation with the WB to support the infrastructure sector in order to improve the living conditions of Egyptians, as well as the investment climate, the statement said.