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.


Source : Egypt State Information Service