Minister of Finance Dr. Youssef Boutros Ghali has reiterated that the State is  implementing adequate policies which hope to recapture confidence, faith and optimism in the national economy.

Dr. Ghali has announced that the flow of foreign investments to Egypt has increased to 6 billion dollars by the end of June as opposed to 3.9 billion in 2005.

He said that in an effort to move in harmony with he what he termed an investment renaissance, a conference branded “Egypt Invest” is being organized for the forth consecutive time in Cairo, Novemenber 1^st- 2^nd and is being supported by the Ministry of Investment as well as a number of international companies, including Kuwaiti Ifad, the Emarati Al Fateem Group and British Estrazinika.

Sixteen countries are  represented by their respective investors in Egypt with a sizeable portfolio along the Northern Coast in Sidi Abdel Rahman and the third mobile phone network.

A manager at the International Monetary Fund, Michael Essex has affirmed that a discussion on criteria set by the government to streamline investments has been helpful to both foreign and local investors who will be further supported through the forthcoming model conference “Egypt Invest”.

(source: rose El-youssef)