Major Italian companies looking to increase investments in Egypt

INVESTMENT WATCH- From Italy, with love: Seven Italian companies are kicking the tires on possible investments in Egypt, company execs told Investment Minister Sahar Nasr in Rome yesterday, according to a ministry statement. Among them:

• Italgen — renewable energy
• Maccaferri Corporate — infrastructure
• Getra — energy
• Ferrovie Dello Stato — transportation
• Mapei — new facility to produce adhesives, sealants and chemical products for building
• AC Boilers — energy
• Saipem — says it sees Egypt as a strategic market

Also in Rome: Egypt signed a USD 62 mn agreement with the International Fund for Agricultural Development(IFAD) to support agriculture development and small-time investors in Marsa Matrouh, the Investment Ministry said in a separate statement.