Egyptian-Kuwaiti Group to inject US$1 bln within 4 Years

The former President and CEO  of Franchise Development Association (EF DA) Moataz Al Alfi revealed that within the next four years from the period of 2014 and till 2017 it will pump large investments in Egypt with US$1 billion (EGP7 billion).

Al Alfi said the announcement of the presidential election will enhance the first investors confidence in the economy again, especially since the investment climate has seen difficult circumstances during the past years due to lack of security.

He added that his group shared between the Egyptians and Kuwaitis targeted Fresh  investments estimated at US$2 billion inside and outside Egypt, while Egypt will reach the proportion of this investment, about 50% at about US$1 billion.