GAFI chairman: 146% increase in foreign investments

Chairman of the Central Authority for Free Zones and Investments (GAFI) Zeyad Bahaa Eddin said the political and economic stability in Egypt helped increase direct foreign investments by 146% during 2004-2005.

He added that the economic reform programme started to bring its fruit as NDP achieved a growth rate of 4.9% and inflation rate dropped from 12% to 4.8%.