Sunday, 15 March 2015

Egyptian Economic Development Conference (EEDC).

There are LOTS of reports coming out of this conference which are exciting residents in Luxor.  So not strictly Luxor News but certainly good news for Luxor residents and all of Egypt. 

$45 Billion in Foreign Investments Pledged For Egypt | Egyptian Streets: Egypt’s state media has reported that as of noon on Saturday, $US 45 billion in foreign investments had been pledged for Egypt at the Egyptian Economic Development Conference (EEDC).

Egypt Announces Plans to Build New Capital - ABC News:
Egypt's government announced Friday plans to build a new capital
adjacent to Cairo, in a massive new project that in its first phase
would cost $45 billion and take up to seven years to complete.

BP signs $12 billion energy deal in Egypt | Reuters:
(Reuters) - Oil company BP has signed an agreement to invest $12
billion in Egypt that will produce 3 billion barrels of oil equivalent, a
joint statement from the company and the government said on Saturday.

GE signs $1.7 billion order with Egypt - Times Union:
General Electric Co.'s Schenectady-based Power & Water unit
announced a $1.7 billion deal with Egypt that was secretly signed in
December to provide 43 electric turbines.

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