Egypt eyes deals worth $20bn at summit

Sharm el-Sheikh - Egypt expects to sign agreements worth up to $20bn at a weekend investment summit in the Red Sea resort of Sharm el-Sheikh, its investment minister said on Friday.

Egypt wants the conference to project an image of stability and deepen investor confidence after four years of political turmoil triggered by a 2011 uprising that toppled veteran ruler Hosni Mubarak.

Cairo hopes the summit will allow it to double foreign investment in this fiscal year to $8bn, despite an Islamist insurgency in northern Sinai and militant attacks across the country.