investment
The amendments aim to diversify investment tools, enhance competitiveness, and make the Egyptian market more attractive to investors, according to Farid
She noted that in spite of the anticipated economic growth deceleration in 2024 due to Middle East conflicts, the rate is projected to surpass regional average.
Maait emphasized the pressing need for the private sector to assume a more prominent role in Egypt's economy, considering that nearly one million young individuals enter the labor market yearly while the government can only create around 100,000 new jobs
Chairman of the General Authority for Investment and Free Zones (GAFI) inaugurated Tuesday the expansions.
The President gave directives to swiftly complete the required legislative steps.
The project will be implemented in partnership with French firms that will inject over €160 million.
The General Authority for Investment and Free Zones (GAFI) issued six golden licenses for investments worth LE5.6 billion upping the total to 29.
Minister of Foreign Affairs Sameh Shokry received Monday his German counterpart Annalena Baerbock.
The plan's duration is between 2024 and 2027.
One day after the floatation of the Egyptian pound, Prime Minister Mostafa Madbouli held Thursday a press conference giving key statements on measures to be taken in the near future.
Egypt will also receive soft loans from the World Bank and the European Union, according to the Prime Minister.
Middle East and North Africa Economist at Capital Economics, James Swanston, noted that even before the Ras el Hekma deal, investor sentiment towards Egypt had improved in recent months on the back of hopes that a new IMF deal will soon be secured.
The investment will be injected into Egypt's energy sector over a period of three to four years, as confirmed by the BP spokesperson in a statement to Bloomberg.
One of the key points of discussion was the possibility of conducting trade transactions using the local currencies of both countries
President Abdel Fatah al-Sisi commented Wednesday on Ras Al Hikma deal with the UAE.
The Egyptian Embassy in Copenhagen organized earlier this week a roundtable discussion on investment opportunities.
The government expects the project to attract investments of up to $150 billion during its development, helping to provide millions of job opportunities and inject liquidity into the Egyptian economy.
the project represents the largest direct investment deal in the country's history, noting that it will bring $150 billion in investments to Egypt over the project's lifetime.
The deal involves $150 billion in investments during the project development period, including around $35 billion in direct investments for the Egyptian state within two months.
A press conference will follow the signing ceremony to explain the details of the deal at the Cabinet headquarters in the Administrative Capital.
