Egypt: Nasr to CNN: Government Works upon Sisi Vision to Attract InvestmentSource: www.export-egypt.com 12/25/2017, Location: Africa |
|
|
|
|
|
Investment and International Cooperation Minister Sahar Nasr said Egypt is implementing an ambitious economic reform program, including social safety networks.
Interviewed by CNN, the minister said President Abdel Fattah El Sisi has developed a vision implemented by the government to attract investments. The rate of direct foreign investments increased by 15 percent compared to the previous fiscal year, Nasr said. The UK is ranked first in terms of direct foreign investment in Egypt, she added. Recently, the US has bumped new investments, alongside investments from Germany, the largest economy in the European continent, the minister said. Asian, Arabian Gulf, and North African investors are keen to invest in the Suez Canal Area Development Project, she added. The oil sector is the most attractive sector, in addition to infrastructure and housing, Nasr said. Thirteen agreements have been signed for the establishment, by the private and petroleum sectors, of the largest solar power plant, she added. Egypt has a strategic position not only geographically but also economically and politically, the minister said, referring to President Sisi's remarks that underlined that stability, security, peace and investment were the main catalysts for economic growth. |
|
|
Financials and Investment News in Egypt >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Egypt Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | |
