Direct foreign investment in Egypt will rise noticeably in 2001, with an expected 13 percent increase over the last year, reported the weekly Middle East Times newspaper, citing a recent report issued by the ministry of economy and foreign trade.
Egypt online reported that during the past ten years, Egypt witnessed a leap in foreign investment rates as a result of political stability, improvement of investment conditions and the government's keenness on eliminating obstructions.
Citing a study by the economy ministry, Egypt online reported that Egypt ranks first among developing countries to attract foreign investments at high profit rates as a result of the government's commitment to its international obligations.
The study expects more foreign investments in Egypt by the end of the current economic reform phase and the completion of the privatization program, said Egypt online -- Albawaba.com
© 2001 Al Bawaba (www.albawaba.com)
