Egypt among world’s top 10 most attractive for investors

Big 5

The Egyptian economy is now among the world’s top 10 in terms of attraction of foreign direct investments and achieving growth, and comes first in Africa, the minister of investment, Sahar Nasr said.

She added on the side lines of Davos that many investors see Egypt as a gate to Africa, the minister said, believing that’s why multi-national and major companies seek to do business in Egypt.

In addition, Nasr noted that Egypt has succeeded in implementing a daring economic reform program that already started to bear fruit.

The comprehensive reforms are meant to encourage the private sector to play a bigger role in the economy, Nasr said.

She touched upon reforms that aimed to improve the business climate and push the private sector to contribute to strategic projects, particularly in the field of energy and renewable energy.   +