Egypt targets FDI worth $10 billion annually over four years: minister

Egypt targets $10 billion in foreign direct investment (FDI) annually over the next four years, the country’s Finance Minister Mohamed Maait said on Monday.

“We own the sustainable energy sources, advanced infrastructure, and young cadres required to secure the underlying determinants of economic stability …” Maait explained in a statement.

The minister also said Egypt is targeting lowering unemployment – recorded 7.2 percent as of June 2022, through the provision of 826,000 job opportunities.

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