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Article: News in brief.
- Article from:
- Daily News Egypt (Egypt)
- Article date:
- October 29, 2009
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Egypt says seeks to boost private investment
Egypt wants to boost private investment by about 75 percent to LE 200 billion ($36.6 billion) by 2012/13 from the 2008/09 level by attracting Egyptian and foreign investors, a minister said on Wednesday.
Investment Minister Mahmoud Mohieldin told a Reuters Middle East Investment Summit the government plan included promoting 52 mainly infrastructure projects, targeting investors in Egypt, Gulf Arab states, Asia, Europe and the United States.
Egypt's private investment climbed steadily before the financial crisis to LE 134 billion in the financial year 2007/08 then tumbled to LE 114 billion in 2008/09. ...