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FINANCIAL NEWS
Egypt to attract USD 7bn of foreign investments
21 Apr 2016
(MENAFN) The government is predicted to attract direct foreign investments value USD 7bn by the end of 2015/16, compared to USD 6.4bn in FY 2014/2015.
Accordingly, the Ministry of Investment will reach its target volume of direct foreign investments; whereas the conditions of the Egyptian economy made it hard.
Moreover, the government planned to attract direct foreign investments value USD 3.1bn during the first half of FY 2015/2016, where USD 1.4bn was taken amid Q1.
The government is dependent on Arab and foreign trade visits in order to increase the rates of direct foreign investment through the upcoming period.
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