Prime Minister receives report on status of agreements signed at Egypt Economic Development Conference

Four oil agreements, worth 21 billion dollars, were launched to explore oil in new areas, particularly in Port Said and Sinai, the report said.

In the field of electricity, the report said four 9.46-billion-dollar deals were launched to establish three power plants in Beni Suef, Burollus and the new administrative capital.

The report noted that a deal was launched to establish a project on an area of 400,000 square meters to meets the Egyptian market's needs of petrochemicals and fuel ships. 

Six memorandums of understanding were transformed into deals in the fields of housing, planning, investment and tourism, the report added. 

Source : MENA