Nazif expects rate of growth to score 5 percent

Egypt's Prime Minister Ahmed Nazif said yesterday that investment is the locomotive of the Egyptian economy and the rate of growth of the fiscal year 2003/2004 is expected to score 5 percent against 4.1 percent last year.

Nazif added that the government is keen to seek transparency and just dealing with investors. He noted that preparations were underway to turn Egypt into an investment attraction site to provide the investor with optimal profit and benefit the Egyptian society through the diversified investment activities.