Egypt has launched the website for the Economic Development Conference scheduled in March, which the government is relying on to reinvigorate foreign investment in an economy that continues to suffer from four years of turmoil.
The three-day conference, to be held in the resort town of Sharm El-Sheikh 13 to 15 March, will address ways to position Egypt “as an attractive destination on the global investment map,” according to the website. President Abdel Fattah al-Sisi will inaugurate the conference, with Prime Minister Ibrahim Mahlab closing it.
The Egyptian economy has suffered from political instability since the 2011 uprising which ousted former president Hosni Mubarak. GDP growth has averaged two percent in the past four years – slightly lower than the population growth – as foreign investment has dwindled.
The government has completed the proposals for 28 projects, mostly infrastructure ventures, to present to international investors at the conference, investment minister Ashraf Salman said on Sunday.
The government is also preparing a new investment law that it says will significantly improve Egypt’s business environment.
The link for the website is:
Source: Ahram Online