Industry Minister – Egypt Open to Fdis

Egypt is open to and welcomes foreign direct investments (FDIs) in development projects, especially from Russia, Minister of Trade and Industry Mounir Fakhri Abdel-Nour, said.

According to a statement issued by the Trade and Industry Ministry on Friday 19062015, Abdel-Nour said Russian investors are welcome in Egypt, especially after the successful visit by President Abdel Fattah El Sisi to Moscow.

Abdel-Nour was delivering a speech at St. Petersburg International Economic Forum during a session about Russian-Arab economic relations.

The Egyptian government made marked progress with its economic reform plan, especially after it took key decisions and measures to improve its investment climate, he added.

MENA

Source : Egypt State Information Service