He noted that measures, such as the flotation of the Egyptian pound and passing the new investment draft law, will stabilise the economy and drive growth rates upwards. The Supreme Council for Investment, chaired by President Abdel Fattah Al-Sisi, had issued 17 decisions to attract foreign direct investments. According to Elgohary, the investment climate in Egypt has improved significantly from past years, especially with government transparency and the announcement of future plans. He said that promoting Egyptian bonds abroad is also a good step and a promising investment opportunity. He told Daily News Egypt that the company’s business in Egypt grew strongly in 2015 and 2016, adding that he expects growth rates of 10% for the company in 2017.

Source: Daily News Egypt January 18, 2017 07:43 UTC