Egypt Seeks to Allure Gulf Investments worth $30 bln – PM
Egypt’s Prime Minister Hazem El-Beblawi said Egypt is planning to allure Gulf investments amount to US$ 30 billion during the Gulf-Egyptian Investment Forum which is launching on December 4th and 5th. This comes as the Egyptian government has drawn up new enterprises package to be offered to. Gulf investors on the sidelines of the economic forum, he noted. The new enterprise package includes sectors of telecommunications, IT, real estate, infrastructure, energy, mineral industries, and transportation.
Speaking to the Gulf-Egyptian Investment Forum that kicked off today in Cairo, he stated that Egypt is targeting 3.5% economic growth by the end of 2013/2014.
El-Beblawi also revealed that Egypt has settled disputes with 19 investors from the UAE, Kuwait and Saudi Arabia.
