Egyptian President Abdel Fattah El Sisi savored his triumph at the closing of the Egypt Economic Development Conference (EEDC) in Sharm el Sheikh on Sunday, French “Le Monde” newspaper reported.
With over 22 heads of state and 3,500 participants, it is an undeniable political success for Sisi, who made the return of political stability and economic development the foundation of his legitimacy, the newspaper reported in a piece titled “the world investing heavily in Egypt”.
The newspaper also shed light on emotional Prime Minister Ibrahim Mahleb who closed the conference with announcing its beyond expectations outcome.
The Egyptian government has signed contracts totaling $36.2 billion plus $5.2 billion in loans and aid from funds and international institutions, including the European Union, and turnkey investment contracts worth $18.6 billion.
MOUs were signed with a potential value of $92 billion, the paper quoted Investment Minister Ashraf Salman as saying.