Prime Minister Mostafa Madbouli on Thursday witnessed the signing of two agreements with the Islamic Development Bank (IDB).

The first agreement is meant to establish a regional headquarters for the IDB group in Cairo.

Meanwhile, the second deal will be earmarked for boosting strategic cooperation between Egypt and the bank from 2019 to 2021, with total investments of about USD three billion. 

The first agreement comes within the framework of the two sides' keenness to increase bilateral cooperation in the foreseeable future.