Massive numbers - #Egypt hopes Qatar will finance $32.8 billion of infrastructure projects

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Massive numbers - Egypt hopes Qatar will finance $32.8 billion of infrastructure projects in Port Said http://goo.gl/StAWY Bloomberg

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Egypt Eyes Qatari Investment in Port Said, Mal Says

Egypt hopes Qatar will finance 200 billion Egyptian pounds ($32.8 billion) of infrastructure projects in Port Said, Al-Mal reported, citing Ahmed el-Mouniry, a Freedom and Justice Party official.

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10:21 AM - 3 Sep 12 · Details

Egypt Eyes Qatari Investment In Port Said, Mal Says

By Nadine Marroushi - Sep 3, 2012 6:41 AM ET

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(Corrects currency conversion in first paragraph.)

Egypt hopes Qatar will finance 200 billion Egyptian pounds ($32.8 billion) of infrastructure projects in Port Said, Al-Mal reported, citing Ahmed el-Mouniry, a Freedom and Justice Partyofficial.

The Investment Ministry has presented the Qatari government with potential projects in the area, the newspaper said, citing Adel Rahouma, the secretary general of the Egyptian-Qatari Business Council.

To contact the reporter on this story: Nadine Marroushi in Cairo at nmarroushi@bloomberg.net

To contact the editor responsible for this story: Tarek El-Tablawy at teltablawy@bloomberg.net