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MediaIn – Dubai 8 March 2018 WAM
The Arab Republic of Egypt, represented by the General Authority for Investment, will participate in the annual investment forum held at the Dubai World Trade Center from 9 to 11 April under the theme “Linking Developed and Emerging Markets through FDI: Partnerships for Inclusive Growth and Sustainable Development” Key decision makers from all over the world, companies and countries willing to engage in sustainable partnerships with investors.
Egypt is represented by a high level delegation to participate in the Annual Investment Forum, the world’s largest investment platform for direct investment, involving ministers, banks, financial institutions, investment promotion bodies, international institutions and individual investors in business and regional and international investors.
According to a report by the Central Bank of Egypt, the total remittances from Egyptians working abroad amounted to 29.1 billion dollars during the period from November 2016 to December 2017 compared to 24.4 billion dollars in the same period from 2015/2016.
Net foreign direct investment in Egypt rose 6.5 percent to $ 13.3 billion in the last fiscal year ending June 30, 2017 from $ 12.5 billion in the previous fiscal year.
“Egypt is one of the most important countries that plays a prominent role in the Middle East economy and offers many reforms that have opportunities to make it one of the best economies in terms of return on investment,” said Daoud al-Shezawi, chairman of the organizing committee of the annual investment forum.
The Egyptian economy is the third largest Arab economy after Saudi Arabia and the United Arab Emirates. A legislative amendment with a new investment law was issued in May 2017 to encourage foreign and domestic investment to help absorb an estimated 700,000 new job seekers each year.
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