Egypt’s foreign direct investment rises to about $8.7 bln in FY 2016-17 -Investment Minister

Foreign direct investment in Egypt is expected to have risen to about $8.7 billion in the 2016-17 fiscal year that ended last June, compared to about $6.9 billion the previous year, Investment Minister Sahar Nasr said in a statement on Friday.

Egypt late last year signed a $12 billion three-year International Monetary Fund loan agreement and floated its currency in a bid to lure back investors that fled after its 2011 political uprising.

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