Egypt attracts indirect investments of $17 bln in late 2017: Abul Enein

Egypt has attracted indirect investments of $17 billion during the last months of 2017, Mohamed Abul Enein head of the General Investment Division of the General Union of Chambers of Commerce said.

He made these comments during the 3rd “Egypt Investment Forum”, referring that Egypt has become an attractive business hub after introducing the new investment law and its executive regulations.

Meanwhile, Eni has invested $12 billion in Zohr field, and British Petroleum has injected $12 billion. In, addition Egypt has attracted direct investments of $ 8 billion.

Thus providing an opportunity to discuss the latest developments as well as incentives and reforms. New investors showing interest in the Egyptian market will be attending the forum along with their already-established peers.

He also referred to the World Bank and the International Monetary fund commentary on the leap that has happened to the Egyptian economy.

The third edition of the Egypt Investment Forum is held on February 3 and 4 at the Semiramis InterContinental Hotel in Cairo under the patronage of  the President Abdel Fattah Al Sisi