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FINANCIAL NEWS
Egypt aims to enhance foreign direct investment
07 Aug 2016
(MENAFN) Egypt plans to boost foreign direct investment (FDI), while there is still room for more improvements.
Moreover, the law permits for some procedures to be applied via a single government agency, and introduces a number of fiscal amendments.
Accordingly, the country was one of the main five destinations for inbound FDI in Africa, receiving USD6.9b in 2015, an increase of almost 50 percent from 2014.
On the other hand, Russia’s ministry of trade proclaimed that a number of Russian firms aimed to invest USD4.6bn in a new industrial park in east Port.
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