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FinancialNews


  • 01-03-18

    Egypt records 14.5 percent boost in foreign direct investment

    (MENAFN) Foreign Direct Investment (FDI) was declared by Egyptian Ministry of Investment and International Cooperation to have recorded a 14.5 percent boost in 2016-2017 fiscal year.

    The ministry also revealed a 29 percent growth in private investments, with a 26 percent rise in startup companies and a 10 percent increase in job vacancies.

    The annual report of the ministry stated "the most important activities and accomplishments were reflected in legal and regulatory reforms."

    "Topped by the Investment Law which provided for incentives and guarantees for investors, the establishment of new investment zones, settlement of disputes, administrative reforms, and provisions related to corporate social responsibility," it continued.

    MENAFN0103201800450000ID1096532798

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