Egypt will cooperate with global financial adviser "Lazard Group LLC" to help in making strategies of projects to energize the country's economy, which reflects the government's latest efforts to restore investments after almost four years of unrest, according to Bloomberg on Monday. The projects are to be presented at an investment conference in March, based on the statements of Investment Minister Ashraf Salman. President Abdel-fattah El-Sisi aims to revive economy that has deteriorated since the 2011 ouster of Former President Hosni Mubarak. the government has been battling an increasingly dangerous militant threat in the Sinai after July 2013 while trying to address unemployment that exceeded 13 percent. Egypt's economic growth has shown signs of a slight recovery. The economy is expected to grow 3.5 percent in 2015, according to the average of 11 economic estimates compiled by Bloomberg. The government has launched projects, which will create new jobs opportunities, including digging of new Suez Canal to speed up ships crossings. Furthermore there is legal amendment that would cut the time it takes to build new factories, by allowing the direct awarding of land for industrial use instead of putting it up for tender or auction, Industry Minister Mounir Fakhry Abdel Nour told reporters recently.
