Egypt eyes stable FDI inflows to fuel economic growth – PM

Egypt’s Prime Minister Moustafa Madbouly on Wednesday has tasked the ministerial economic group with prioritising the attraction of capital transfers to boost foreign direct investment (FDI).

By securing more stable and substantial FDI, he said the government aims to accelerate economic growth, modernise the economy, and create a more competitive investment climate. This strategy is expected to yield significant benefits, including technology transfer, improved management practices, workforce development, and increased exports.

Attribution: The Egyptian Cabinet

Subediting: Y.Yasser