Cairo - Mubasher: The Egyptian minister of planning, Hala El Saeed, said on Saturday that the economic growth rate for fiscal year 2016/2017 would not fall below 4%.
As for the fourth quarter of FY16/17, the minister said that growth rate will not be less than 4.5%.
The minister also told Reuters on Saturday that she projected foreign direct investment in the country had reached $8 billion to $8.5 billion in FY16/17 which ended in June.
El Saeed also noted that the government is targeting a 20% increase in foreign direct investment (FDI) in FY17/18.
The Egyptian government had projected a growth rate between 3.8% 4% for the current fiscal year.
