1.9 billion dollar foreign investments in three months

Mahmoud Mohieddin, Egypt's Investment Minister said net direct foreign investments "including those in the oil and non-oil sectors reached 3.9 billion dollars in 2004-2005 against 2.1 billion dollars the previous year," the government noted.

He added that the government "was successful in doubling the direct Foreign Investments and that the balance of Payment figures during the first quarter of the 2005-2006 indicated that the net foreign investments reached US$ 1.9 million."