Finance Minister: Egyptian Economy Capable of Luring FdisSource: www.export-egypt.com 6/17/2023, Location: Africa |
|
|
|
|
|
Finance Minister Mohamed Maait said the Egyptian economy is capable of attracting foreign direct investment inflows despite international challenges.
Egypt managed to lure dlrs 5.7 billion during the first half of the 2022-2023 fiscal year, with a growth rate of 75 percent, he said. During his meeting with Morgan Stanley representatives, he underlined Egypt's keenness on empowering the private sector at local and foreign levels to raise its contribution to total investments from 35 percent to 65 percent within three years. This will promote Egypt's capabilities for sustainable growth in order to realize comprehensive development, he added. He said Egypt is committed to a balanced drive to ensure more resilience in face of shocks, curb debt rates and alleviate the impact of the unprecedented inflation wave. Maait said Egypt seeks creating a primary surplus of 1.5% by the end of 2022-2023 and 2.5% by 2023-2024. Minister Maait noted that Egypt managed to up support for exports from EGP 6 billion in the current year budget to EGP 28.5 billion in the 2023-2024 fiscal year, thus contributing to reaching average revenues of dlrs 100 billion. |
|
|
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 | |
