Abdel-Nour: Industrial growth rate increased in 2013-2014

Trade and Industry Minister Mounir Fakhri Abdel-Nour has said that economic indices have shown positive readings in a number of times over the past few months.

Abdel-Nour said on Tuesday 23/6/2015 that the industrial growth rate has increased during the third quarter of the fiscal year 2013-2014 to 6.9 per cent, seeing in this a sign that the Egyptian economy is recovering as efforts continue to build State institutions and implement the road map.

The Minister said the real GDP rate increased to 2.5 per cent in the third quarter of the current fiscal year compared with 1.3 per cent in the second quarter of the same year and 1 per cent in the first quarter.

Abdel-Nour also pointed to a huge boost in the volume of foreign direct investments over the first nine months of the fiscal year amounting to 4.7 billion dollars
Source: State Information Service