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Wednesday, 4 May 2016

Investment Minister Dalia Khorshid announces strategy to raise FDI to USD 10-15 bn by 2018

Egypt will net FDI in the USD 10-15 bn range by 2018 on the back of a new strategy from the investment ministry, the domestic press reports. The strategy will include “new articles and amendments” to the Investment Act that presently top the legislative agenda for the Investment Ministry. The Investment Ministry is planning to issue a bankruptcy act and a new law governing government and sovereign wealth funds. Khorshid’s plan will also include forming a committee to better engage and include the private sector in investment policy. The ministry also plans to open offices in nations that trade extensively with Egypt to promote investments, primarily in national projects, including in the GCC, China, EU, and US. It is also devising a strategy to boost indirect investment over the coming three to five years. (Read in Arabic)

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