Egypt targets direct investments worth $10 billion in FY2016/17: minister

Egypt wants to attract direct investments of up to US$10 billion by the end of the financial year 2016/2017, the country’s investment minister said Sunday.

Minister Dalia Khorshed further said during a capital market conference in Cairo on Sunday that her ministry is planning to make more incentives available to attract national and foreign private sector investors to finance developmental projects in the country.

The Egyptian Ministry of Investment is seeking to implement a scheme to improve investment climate in the country.