Cairo - Mubasher: The Egyptian minister of investment and international cooperation said that foreign direct investments (FDI) in the country is expected to grow from $4 billion in 2014 to $8.7 billion in 2017, with an average annual growth rate of 40%.
Sahar Nasr added in a statement issued on Sunday that the ministry has attracted new investments in the renewable energy and transportation sectors, increasing by 22% this year.
The minister also noted that the total volume of investments is set to reach EGP 482 billion in 2017 compared to EGP 290 billion three years ago.
Egypt aims at attracting foreign direct investments of $13 billion to $15 billion next year, compared to $10 billion this year.
