Egypt premier: $36 billion invested in country at conference
SHARM EL-SHEIKH, Egypt (AP) - Egypt's prime minister says investment in the country at a three-day economic conference have reached $36.2 billion.
Ibrahim Mahlab said Sunday the figure covered contracts that had been signed and were ready to be implemented. He didn't detail the contracts.
A tear-eyed Mahlab said his country is grateful to the world and allies for supporting the Egyptian economy.
Four Gulf countries also pledged at the opening of the conference $12.5 billion in a bundle of aid and investment money.
Mahlab said another $23.2 billion were raised at the conference in terms of projects to be paid for by the government later, as well as grants.
Delegates attend the Egyptian Economic Development Conference, a cornerstone of the Egyptian government's plan to woo desperately needed investors, in Sharm el-Sheikh, Egypt, Sunday, March 15, 2015. (AP Photo/Hassan Ammar)
The Associated Press
Egyptian Minister of Investment Ashraf Salman addresses a session of the Egyptian Economic Development Conference, a cornerstone of the government's plan to woo desperately needed investors, in Sharm el-Sheikh, Egypt, Sunday, March 15, 2015. (AP Photo/Hassan Ammar)
The Associated Press
Delegates attend a session of the Egyptian Economic Development Conference, a cornerstone of the Egyptian government's plan to woo desperately needed investors, in Sharm el-Sheikh, Egypt, Sunday, March 15, 2015. (AP Photo/Hassan Ammar)
The Associated Press
Delegates attend a session of the Egyptian Economic Development Conference, a cornerstone of the Egyptian government's plan to woo desperately needed investors, in Sharm el-Sheikh, Egypt, Sunday, March 15, 2015. (AP Photo/Hassan Ammar)
The Associated Press
Head of the Suez Canal Authority Mohab Mameesh addresses a session of the Egyptian Economic Development Conference, a cornerstone of the Egyptian government's plan to woo desperately needed investors, in Sharm el-Sheikh, Egypt, Sunday, March 15, 2015. (AP Photo/Hassan Ammar)
The Associated Press
Ahmed Abou Hashima, CEO of Egyptian Steel speaks to a delegate at the Egyptian Economic Development Conference, a cornerstone of the Egyptian government's plan to woo desperately needed investors, in Sharm el-Sheikh, Egypt, Sunday, March 15, 2015. (AP Photo/Hassan Ammar)
The Associated Press
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