Egypt comes among fastest growing economies: Davos Forum chairman

CAIRO - 14 November 2019: "Egypt is one of the fastest growing economies in the world,"Chairman of the World Economic Forum (Davos) BorgeBrendesaid Thursday.

Brendepraised Egypt's progress at all levels, especially in the economic field, in conjunction with the Egyptian government's adoption of economic and legislative reforms to improve the investment climate.

He said Thursday in a statement issued by the Egyptian Ministry of Investment that the economic reforms have contributed to improving the investment climate significantly.

This came during Brenda's meeting with Egyptian Minister of Investment Sahar Nasr during her visit to the Swiss city of Geneva.

For her part, Minister of Investment Nasr reviewed all the economic, legislative, structural and institutional reforms undertaken by the government during the last period to improve the investment climate, which would enhance investor confidence in the Egyptian economy.

Nasr pointed out that the Egyptian Government has worked to establish an attractive environment for local and foreign investors to boost economic growth and support Egypt's competitiveness, and to encourage the private sector to pump new investments, especially in light of the ongoing projects undertaken by the government in infrastructure.