Egypt's FEC, TRAIN partner to support food exporters    Spot Gold, futures slips on Thursday, July 17th    Egypt's EHA, Huawei discuss enhanced digital health    Egypt expresses condolences to Iraq over fire tragedy    Egypt, Oman discuss environmental cooperation    Egypt's Environment Minister attends AMCEN conference in Nairobi    At London 'Egypt Day', Finance Minister outlines pro-investment policies    Sukari Gold Mine showcases successful public–private partnership: Minister of Petroleum    Egypt's FRA chief vows to reform business environment to boost investor confidence    Egyptian, Belarusian officials discuss drug registration, market access    Syria says it will defend its territory after Israeli strikes in Suwayda    Pakistan names Qatari royal as brand ambassador after 'Killer Mountain' climb    Health Ministry denies claims of meningitis-related deaths among siblings    Sri Lanka's expat remittances up in June '25    EU–US trade talks enter 'decisive phase', German politician says    Egypt's Health Min. discusses drug localisation with Sandoz    Needle-spiking attacks in France prompt government warning, public fear    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



We target $10bn in FDIs in FY 2017/18: Investment Minister
Sahar Nasr showcased the available investment opportunities in Egypt, says successful economic reforms have resulted in overcoming many challenges
Reem Hosam El din Published in Daily News Egypt on 26 - 10 - 2017

Minister of Investment and International Cooperation Sahar Nasr said that the ministry aims to attract foreign direct investments (FDI) worth nearly $10bn in fiscal year 2017/18 during a session held to discuss economic growth policies on the sidelines of the "Future of Investment Initiative" conference held in Riyadh.
She said that her ministry is working to invest in people, whether through education or health, noting that there is a partnership with the private sector in petroleum, gas, and renewable energy. Nasr added that, by 2020, the government aims to have 20% of the country dependent on renewable energy. She explained that American, British, and Saudi companies have injected investments during the past months in Egypt.
Nasr has also showcased the available investment opportunities in Egypt and said that Egypt has been able to overcome the challenges it faced in terms of economy and development, thanks to the successful bundle of economic reforms.
The minister called upon participants in the conference to inject new investments in Egypt, adding that there are many investment opportunities in the Suez Canal Economic Zone and the New Administrative Capital; in addition, there are more than 600 investment opportunities across Egypt, she said.
The Bahraini minister of trade and industry stressed during the discussions that his country supports Egypt economically, explaining that the way to increase growth is to significantly expand the economy.
The Future of Investment Initiative was launched by Saudi Crown Prince Mohammad bin Salman. The conference includes more than 2,500 business figures from more than 60 countries across the world. The total assets of the participants in the conference are estimated to be $22tn.

Clic here to read the story from its source.