Egypt conference says investors commit $10.7 billion
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Organizers of an investment conference in Egypt say investors have committed $10.7 billion to projects in the country.
They said in a statement Sunday that the agreements include a $6.5 billion deal with Egypt's Orascom group and the Abu Dhabi-owned International Petroleum Investment Company to build a coal-fired power plant over four years. The deals were signed a day earlier.
Cairo Financial Holding, formerly led by Investment Minister Ashraf Salman, had the second-largest investment - $1 billion into a tourism fund.
