Minister of investment
Nasr clarified that the forum will witness the announcement of development and investment agreements between development partners and the continent.
The bank's investments in Egypt represent more than 50 percent of its investments in Africa, which are currently focused on Egypt, Tunisia and Morocco.
The EEIC, also known as "Egypt Ventures", is a startup fund that invests in early-stage funds, incubators and venture capital funds and also invests directly in fast growing startups.
This step comes to ensure access to the most-needy families while building sustainable paths out of poverty.
The total US investments in Egypt by the end of December 2018 reached $22 billion," the statement said.
Given the green light during the last cabinet meeting, the New Aswan Free Zone is envisaged to create 15,000 job opportunities, she added.
The agreement was signed by Country Director for Egypt, Yemen and Djibouti at the world Bank Marina Wes and Minister of Investment Sahar Nasr in Aswan.
Nasr and World Bank President David Malpass met with 30 women who obtained loans for micro-sized projects in the Upper Egypt governorate of Aswan.
The Egyptian Exchange played a role in attracting foreign investments to Egypt by 0.04 percent despite the slowdown in the global economy during 2018, Nasr said.
Cypriot Investments in Egypt recorded $400 million with the existence of 224 Cypriot companies working in fields of industry, tourism, service and energy.
The project is meant to increase the volume of credit to small and medium-sized enterprises (SMEs), for being a key source of economic growth.
Egypt is always keen to consult and respond to changes in the global economy and the needs of the Egyptian people, Nasr said.
Egypt is moving forward with comprehensive institutional and legal reforms to improve the business environment, Minister of Investment Sahar Nasr told Bloomberg.
Egypt and the United Nations (UN) discussed supporting number of development projects and activating the framework strategic agreement between both entities till 2022, worth $1.2 billion.
Deputy President of the World Bank Mokhtar Diop added that Egypt is a very important country in terms of the Bank's fields of operation.
The talks, which were held on the sidelines of World Bank (WB) Spring Meetings, taking place in Washington on April 9-14, were attended by minister Nasr's advisers.
These investments included up to $75 million in the food industry and $75 million in the renewable energy in Benban Power Station.
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.
Some American companies increased their businesses and expanded in Egypt, pumping an additional $1 billion during the fiscal year 2017-2018.
Swiss investments take place in fields of industry, energy, pharmaceuticals, financial services and food.
