Egypt’s economy grows thanks to investor’s confidence

30 Nov 2014

(MENAFN) Egyptian economy continues to post positive growth following a market collapse in 2013, at the first half of 2014 registers projects worth USD3.8 billion awarded including with over USD175 billion in non-awarded projects, Saudi Gazette reported.

These projects came at a time which the Egyptian government’s recently launched new development strategy for Cairo to revive the economy and create attractive conditions for the regional and international investor.

The New Development Strategy is expected to run through till 2018/19 and its objectives and delivery framework were discussed at length at the recently held MEED Invest in Egypt Conference at the Jumeirah at Etihad Towers.

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