{"id":649100,"date":"2017-04-23T04:02:40","date_gmt":"2017-04-23T04:02:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/23\/nasr-pushes-for-more-investment-at-spring-meetings\/"},"modified":"2017-04-23T04:02:40","modified_gmt":"2017-04-23T04:02:40","slug":"nasr-pushes-for-more-investment-at-spring-meetings","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/23\/nasr-pushes-for-more-investment-at-spring-meetings\/","title":{"rendered":"Nasr pushes for more investment at Spring Meetings"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> Also coming from the Spring Meetings, <strong>Investment and International Cooperation <\/strong><strong>Minister Sahar Nasr pushed for further investment and aid from international donors.<\/strong> This drive started at the Ministerial Meeting of the Group of 24, where she noted that \u201cEgypt was in dire need for strong international financial institutions\u201d and development partners to help achieve economic reform and sustainable growth. These goals would not be achieved without the active participation of the private sector, she added, according to a ministry <a href=\"http:\/\/www.moic.gov.eg\/Front\/Media\/NewsDetail.aspx?MedId=8067\">statement<\/a>.<\/p>\n<p><strong>Nasr emphasized this point at a meeting with leading US corporations at the American <\/strong><strong>Chambers of Commerce<\/strong> in DC, which included representatives from Apache, ExxonMobil, Chevron, Bechtel, Lockheed Martin, Visa, Gilead Sciences, IBM, UPS, and FedEx. <strong>Apache<\/strong> said at the meeting that it plans to invest in 8-10 platforms and operating 90-100 wells in Egypt, in addition to its program for a widespread 3D seismic imaging of potential fields. Representatives of <strong>IBM<\/strong> told the minister that they plan to use Egypt as a software hub servicing the MENA market, while <strong>Gilead<\/strong> announced that it wants to work with the government to release the fourth generation of its hepatitis C treatments, according to a ministry <a href=\"http:\/\/www.moic.gov.eg\/Front\/Media\/NewsDetail.aspx?SLang=A&MedId=8069\">statement<\/a>. <strong>The companies announced that they will send a delegation of US companies to Egypt next week <\/strong>to look into potential new investments. Nasr appears to have met separately with <strong>GE<\/strong> Vice Chairman John Rice, who said that the company was interested in expanding its renewable energy projects in Egypt. They also discussed GE providing 200-300 train cars, 35% of which will be manufactured in Egypt, according to a statement from the ministry picked up by <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1122315\">AMAY<\/a>.<\/p>\n<p><strong>Talks on third tranche of World Bank loan: <\/strong>Nasr and Housing Minister Moustafa Madbouly also began talks for the third tranche of the USD 3 bn World Bank loan, <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=21042017&id=20920cd7-1f42-4716-99c0-fd91e7dbc772\">Al Shorouk<\/a> reports. Madbouly also pushed for further funding on water infrastructure projects in a meeting with Vice President of the World Bank for the Middle East and North Africa Hafez Ghanem,.<\/p>\n<p><strong>The European Bank for Reconstruction and Development (EBRD) plans to help Egypt <\/strong><strong>more efficiently manage its water resources<\/strong>, said the EBRD\u2019s first vice president Philip Bennett during his meeting with Nasr. He <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1122327\">reiterated<\/a> the bank\u2019s commitment to funding green energy projects and SMEs. The EBRD and the European Investment Bank are currently in talks with the Water Holding Company to finance EUR 300 mn wastewater project in Lake Qarun, company chief Mamdouh Reslan tells <a href=\"http:\/\/www.alborsanews.com\/2017\/04\/22\/1012843\">Al Borsa<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Also coming from the Spring Meetings, Investment and International Cooperation Minister Sahar Nasr pushed for further investment and aid from international donors. This drive started at the Ministerial Meeting of the Group of 24, where she noted that \u201cEgypt was in dire need for strong international financial institutions\u201d and development partners to help achieve economic [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-649100","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"4b79809e-8097-4711-8ab4-c51e27001332","order":"0","is_powered_by":true,"section_story_id":"25d5a26c-91c9-41a0-9e60-52e17c84b303","story_type":"1","photo_url":"","photo_position":"above","related_issue":[649093],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nasr pushes for more investment at Spring Meetings - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/23\/nasr-pushes-for-more-investment-at-spring-meetings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nasr pushes for more investment at Spring Meetings\" \/>\n<meta property=\"og:description\" content=\"Also coming from the Spring Meetings, Investment and International Cooperation Minister Sahar Nasr pushed for further investment and aid from international donors. 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He\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/153.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594143,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/21\/islamic-development-bank-launches-usd-500-mn-fund-for-egyptian-startups\/","url_meta":{"origin":649100,"position":1},"title":"Islamic Development Bank launches USD 500 mn fund for Egyptian startups","author":"enterpriseam admin","date":"21 October 2019","format":false,"excerpt":"Islamic Development Bank launches USD 500 mn fund for Egyptian startups: The Islamic Development Bank (IsDB) has set up a USD 500 mn fund to support youth-led startups through the Investment Ministry\u2019s Egyptian Entrepreneurship Investment Company (Egypt Ventures) and ministry-supported startup accelerator Falak, according to an Investment Ministry statement. Investment\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/10\/2476.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":603036,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/14\/egypt-secures-usd-200-mn-world-bank-sme-loan-during-spring-meetings\/","url_meta":{"origin":649100,"position":2},"title":"Egypt secures USD 200 mn World Bank SME loan during spring meetings","author":"enterpriseam admin","date":"14 April 2019","format":false,"excerpt":"Here\u2019s what the Investment Ministry thinks you need to know about the IMF and World Bank\u2019s spring meetings, which wrapped this weekend in Washington, DC:Egypt secured a USD 200 mn loan from the World Bank to support entrepreneurship and SMEs during the spring meetings in Washington over the weekend, the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/11\/126.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":625506,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/07\/world-bank-agency-to-increase-financing-to-egypts-private-sector-over-the-next-three-years\/","url_meta":{"origin":649100,"position":3},"title":"World Bank agency to increase financing to Egypt\u2019s private sector over the next three years","author":"enterpriseam admin","date":"7 August 2018","format":false,"excerpt":"The right kind of debt is a good thing, so we\u2019re going to cheer this: More debt is in the works as World Bank agency plans to increase financing to Egypt\u2019s private sector over the next three years. The World Bank Group\u2019s (WBG) Multilateral Investment Guarantee Agency (MIGA) expects to\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630503,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/23\/ifc-on-track-to-invest-usd-1-bn-in-egypts-private-sector-this-year\/","url_meta":{"origin":649100,"position":4},"title":"IFC on track to invest USD 1 bn in Egypt\u2019s private sector this year","author":"enterpriseam admin","date":"23 April 2018","format":false,"excerpt":"INVESTMENT WATCH- IFC on track to invest USD 1 bn in Egypt\u2019s private sector this year: The International Finance Corporation (IFC) announced that it is on track to invest USD 1 bn in Egypt this fiscal year, the IFC said in a statement on Sunday (pdf), citing as a driver\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/4\/142.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":630025,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/10\/nasr-signs-usd-100-mn-loan-agreement-with-kfaed\/","url_meta":{"origin":649100,"position":5},"title":"Nasr signs USD 100 mn loan agreement with KFAED","author":"enterpriseam admin","date":"10 April 2018","format":false,"excerpt":"Nasr signs USD 100 mn loan agreement with KFAED: Investment and International Cooperation Minister Sahar Nasr signed yesterday the contracts for a USD 100 mn loan from the Kuwait Fund for Arab Economic Development (KFAED) to complete the financing of five water desalination plants in South Sinai, according to an\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/649100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=649100"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/649100\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/649093"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=649100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=649100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=649100"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=649100"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=649100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}