13.9.10

Direct foreign investment in Egypt down 16%

According to data released by the Central Bank of Egypt, direct foreign investment in Egypt in the fiscal year 2009/10 totaled US$6.8 billion, down 16 percent from 2008/09 and 48.5 percent from 2007/08, according to the Ministry of Investment.

Sami said investors coming to Egypt face significant problems which need solving, such as difficulty acquiring land and energy, and conflicting legislation.