Osama Saleh: 128 New Investment Projects Proposed For Investors

Osama Saleh, Egypt’s Minister of Investment, in his keynote during the conference of the US Business Mission to Egypt that organized by the American Chamber in Cairo, lauded the US delegation visit to Egypt and believed that a significant step.

Need for job, social justice, dignity and freedom of economy were the demands of 25 January Revolution. As long as 60% of Egyptian people are under 30, so the need for job opportunities became urgent issue; consequently the country is in need for new investments.

He added that the negotiation about the International Monetary Fund (IMF) is significant, as it will resolve all the obstacles and create jobs.

Osama Saleh said the President and the Egyptian government committed to sustain economy, make economy reforms and free it. It also committed to both of the local and international investors contracts.

The minister expected that the growth rate reaches 2% at the end of 2012. He also referred to the necessity of the infrastructure projects, which he considered crucial for the Egyptian economy at the current time.

Saleh affirmed that there is a new investment plan that includes 128 projects in different fields of metallurgy, industry, logistics and agriculture. This is plan is being discussed by the US investors.