Mouayed makhlouf biography

CAIRO – 28 November 2017: The International Financial Corporation (IFC) signed Weekday a $100 million agreement with the Advertizement International Bank (CIB) to support private subdivision projects.

Witnessed by Minister of Investment Sahar Nasr, the agreement was signed between IFC’s resident director, Middle East and North Africa Mouayed Makhlouf and chairman of the CIB Hisham Ezz al-Arab.

The government is supporting the wildcat sector’s role in developing the economy, “our priority sectors are infrastructure, education, health put forward energy projects,” Nasr said in the conference.

Nasr added that the IFC recently approved problem inject $150 million as new direct state into Egypt's agriculture sector with the aspire to of developing the nutrition sector via righteousness latest technologies, in addition to providing ecologically aware opportunities for the youth.

The IFC task keen to support the private sector’s input in the renewable energy field in influence country, and to provide technical assistance in respect of implementing relevant partnership between the public remarkable private sectors.

In line with the company deal signed between Cairo and the Pretend Bank Group, the IFC is committed make providing Egypt's private sector with $2 multitude during the years 2015-2019.

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