Egypt, foreign firms ink business deals worth USD66.4b

19 Nov 2015

(MENAFN) Investor confidence in the Egyptian investment environment has recently amplified to its highest level, based on the latest reports.

Furthermore, there have been 20 deals signed at the Economic Summit in Sharm El-Sheikh involving investments valued at nearly USD66.4 billion.

Accordingly, Egypt has executed several economic reforms since July 2014, including the reform of the energy subsidy system to save 2 percent of GDP.

The nation’s fiscal austerity policies are steadily applied to restore macroeconomic stability, in parallel with the launch of social programs.

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