Cabinet: FDI Intelligence upgrades Egypt position on map of foreign investments

CAIRO - 27 July 2020: The FDI Intelligence has upgraded Egypt's position on the map of foreign direct investments, the Cabinet media center said Monday. 

Egypt is exerting efforts to create an investment-friendly climate and outline legislation in this regard, it added. 

This helped boost confidence of foreign businessmen in the Egyptian economy, the media center said. 

Foreign investors have pumped more money into projects in Egypt over the past period, despite a general decline in investments in the region, the center said.

This reflects confidence of the international community in Egypt's stable economy, it noted