He noted that 2017 will witness a real start for attracting many foreign investment flows which will allow banks to finance more national and investment projects. “The sectors of transportation, logistics, building, construction, industry, and basic commodities will top the sectors which Banque du Caire plans to finance in 2017,” El Zahid said. He explained that the bank aims to inject more than EGP 1bn into these sectors during 2017 in order to support economic growth. El Zahid said that his bank is keen on financing these sectors in order to support economic and social development projects. It also pays attention to labour-intensive projects and activities, as well as projects that are characterised by innovation, in addition to value-added projects,” El Zahid noted.

Source: Daily News Egypt January 21, 2017 16:28 UTC