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FINANCIAL NEWS
Egypt predicts 6 percent growth in 3 years
18 Sep 2014
(MENAFN) Egypt said it is expecting growth rates to increase from 2.5 percent to 3.5 percent in the July-September period, as well as an increase to 6 percent within three years, Arab News reported.
These predictions of growth are mostly attributed to the country current pursuit of several mega-projects, mainly the expansion of the Suez Canal, as well as seeking foreign investments and a revival of the vital tourism sector.
“Having all these projects in place, having investors already knocking on the door to be placed and well-situated with the development projects we have, with the Suez Canal, the 5-6 percent in 2-3 years is very doable,” Egyptian Economy Minister said.
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