Egyptian Cash Reserves are Secure: Investment Minister

Osama Saleh, Minister of Investment said the Egyptian Cash reserves are secure hoping for the reverse to boost within the coming phase.

Saleh asserted that Egypt is currently preparing to push its economy forward, noting that the Arab investments are a pillar of the Egyptian economy, pointing out that Saudi Arabia at the top of Gulf investments.

Saleh explained that Egypt welcomed any investments regarding its various sectors, saying the Egyptian market is considered to be the large retail market in the region.

He mentioned that the needed investments for Egypt in the next phase are housing, petroleum, food, transportation and tourism sectors, Saleh stated that these sectors will surge pumping the Egyptian economy.

He explained that several projects will be pumped during the first quarter of the next year.