Qandil to open second invesment conference

Prime Minister Hisham Qandil is to open the Second Investment Conference on investment in public-private partnerships (PPP) on Sunday. "Despite of the critical situation in Egypt, the government is so keen on holding such conference to show its backing to the private sector," Minister of Finance Al-Morsi Hegazy said. Through this conference, the government wants to drive home a message to the international business community: It is so keen on luring foreign investements. The minister believes the conference will help assuage fears and reuilding confidence in Egypt's investment climate. The conference is expected to be attended by delegations from the European Bank for Reconstruction and Development (EBRD), the European Union (EU), the World Bank (WB), the International Finance Corporation (IFC), the Islamic Development Bank (IDB) and the African Development Bank (ADB).