FINANCIAL NEWS

Egypt to attract $7.5b FDI in 2009/10

13 May 2010

(MENAFN) Egypt’s Economic Development Minister, Osman Mohamed Osman, said that the country is set to attract $7.5 billion in foreign direct investment (FDI) in the fiscal year 2009/10, Reuters reported.

The minister also said that the FDI figure could reach $10 billion in the fiscal year 2010/11.

According to earlier central bank reports, foreign direct investment reached $2.63 billion in the first half of the fiscal year 2009/10, which began July 1, 2009.

In March, Investment Minister, Mahmoud Mohieldin, said that Egypt may see FDIs reaching $10 billion in 2009/10.

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more

This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.