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Egypt Attracts $ 10 Billion Foreign Investments and Increases Exports
Created: Nov 10, 2010,
modified: Jan 13, 2012,
overall rating: 0.000
Egyptian Prime Minister Ahmed Nazif declared that the government began preparations for new phase, after the government has succeeded to overcome the financial crisis, by a plan to lure at least 10 billion dollar in foreign investments annually and raise exports from L.E. 90 billion to L.E. 200 billion in 2013.
Nazif pointed out that the government is about to finalize a number of important bills which President Hosni Mubarak called for. The bills focus on social health insurance, handicapped people's rights, internal trade regulations and local administration.
Moreover, Nazif added that government has successfully achieved the goals of President Mubarak's electoral program.
On the other hand, Safwat El- Sherif, the Shura Council Speaker asserted the council's commitment to President Mubarak's platform to improve living conditions of the citizens and achieve justice, stability and security.
The speaker said that Egypt's security is a red line and assured the rejection of any attempt of intervention in Egypt's internal affairs. He also rejected threats addressed by Al Qaeda to the Egyptian churches deeming it as a threat to Egyptian national security.
Global Arab Network
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