Dr Sahar Nasr، Minister on Investment and International Cooperation، said that Egypt’s portfolio with the World Bank grew to $8 billion.
Dr Nasr attended a joint news conference with ENG. Tariq Qabil، Minister of Industry and Commerce. The two ministers announced launching a pilot program of local development of Upper Egypt. The World Bank offers $500 million to fund establishing six industrial zones in Qena and Suhag Governorates. Nasr that development plan in the two governorates aims at improving living standard there.
It is worth to mention that Upper Egypt compromises a number of underdeveloped provinces in Egypt.