Register | Forgot password?
Switch to Arabic
Monday, November 30 - 2009

Egypt expects $10bn in foreign investment

  • Egypt: Wednesday, September 30 - 2009 at 10:16

Egyptian Investment Minister Mahmoud Mohieldin said he believes the government will attract about $10bn in foreign direct investment in the current fiscal year, up from $8.1bn the previous year, Bloomberg has reported. The government will promote 52 infrastructure projects to foreign investors, including Asian and Gulf Arab sovereign wealth funds, he said. The government expects growth of more than 5% in the fiscal year through June 30 and is drafting a law to encourage companies to invest in infrastructure, he added.

Also consider reading:

Disclaimer:

The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.

AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.

In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.