Adopting successful economic policy attracts more investments into Egypt
Egypt, Economics, 7/10/2001

World Bank (WB) experts said that the rate of attracting direct foreign investments (DFI) into Egypt reaches now 5.2 per cent out of the total investment capital.

The WB experts, in a recent report issued in Washington, indicated that this rate will reach 10 per cent over the coming few years, which is the international rate for attracting DFI.

The report explained that this positive state of affairs is attributed to facilities extended by the Egyptian government, including reducing customs tariffs, increasing the value of credits to investors and enhancing trade with world countries.

The report indicated that some European countries have already started taking a number of measures that would help developing countries, which adopted successful economic policy, to attain higher growth rates.

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