14 December 2013

Egypt: U.S. $9.2 Billion Foreign Investments in Egypt in Three Years

Minister of Investment Osama Saleh announced that in spite of the harsh circumstances witnessed by the country in the last three years, Egypt managed to attract about USD 9.2 billion foreign investments of which EGP 2.2 billion foreign investments in 2011, USD 4 billion foreign investments in 2012 and about 3-billion foreign investments in 2013.

The Minister added that after the decline in the rates of founding companies in 2011, the rates back on track especially after the June 30th revolution.

During his participation in the Arab Investment Forum organized by the Arab Planning Institute (API) in cooperation with the Arab Investment & Export Credit Guarantee Cooperation, Saleh said that the Ministry of Investment received a number of offers from investors to participate in the projects offered by the ministry during the Egyptian-Gulf Investment Forum.

Minister Saleh also pointed out that the government would tackle all problems facing the Kuwaiti projects in Egypt.

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