Minister of Investment and International Cooperation Sahar Nasr and Italian Ambassador in Cairo Giampaolo Cantini signed a deal Saturday to support the development of Egypt’s private sector with total investment of €45 million.

The deal, signed on the sidelines of Africa 2018 Forum, will contribute to supporting Egypt’s private sector via training programmes and technical support for small and medium enterprises.

Nasr said the deal will support the government’s plan to provide a good atmosphere for the private sector in a way that underwrites development and comprehensive growth.

Nasr lauded Italy’s keenness to support empowering Egypt's youth, whether through investment or financing development programmes.

The Italian ambassador asserted the strength of the Cairo-Rome partnership on the political, economic and cultural levels.

He added that cooperation will continue between Italy and Egypt to open up job opportunities for young Egyptians.