Egypt will present 35-billion-dollar worth of projects at the investment conference in Sharm el-Sheikh on March 13, said the Financial Times.
As well as showcasing opportunities for foreign investors, the Egyptian government is hoping to highlight reforms aimed at restoring confidence in an economy which is emerging from one of its worst patches in recent history.
Bidding wars by European and regional groups for two food companies, Bisco Misr and Arab Dairy, both listed on the Cairo bourse, are the strongest signal yet that foreign investors are interested in returning to the 90m-strong market after four years of political turmoil following the revolution that ousted long-time president Hosni Mubarak, said analysts.
The challenge for the Egyptian authorities in Sharm el-Sheikh is to convince international investors that the government has both a credible economic vision and the will to implement reforms, including the simplification of the country’s bureaucracy.