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FINANCIAL NEWS
Egypt to attract USD10b worth of foreign investment
27 Sep 2016
(MENAFN) Egypt aims to attract USD10b in foreign direct investment (FDI) by 2017 and will automate the process of establishing a firm to revive the economy of the country.
Accordingly, Egypt drew more than USD6.8bn in FDI in the 2015-2016 years and hoped for USD10bn in 2016-17 after huge upgrades to ageing road.
The country approved a long-awaited draft law on investment last year aimed at making deals less weak to legal disputes or changes in government.
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