Egypt needs $200-300bn for development projects

Egypt needs USD 200-300 billion for development projects in all domains, President Abdelfatah Al-Sisi said on Sunday.
Egypt is working on carrying out several major projects which require huge efforts, he told the Egypt Economic Development Conference (EEDC) in Egypt's Red Sea resort city of Sharm El-Sheikh, which concluded on Sunday.
Al-Sisi added that the project of establishing a new administrative metropolis is expected to host six million people.
He hailed the success of the conference, urging Egyptians to work hard to develop the country.
He voiced his appreciation to all delegations that took part in the conference.
Source: KUNA