Egyptian President Abdel Fattah
El-Sisi has invited the companies partaking at St. Petersburg International
Economic Forum (SPIEF) and other companies to benefit from the mega investment
opportunities in Egypt in all fields.
In a recorded speech on Friday at the 25th session of the forum, Sisi said the Egyptian government managed to advance the country’s legislative structure in order for Egypt to be able to attract more foreign investments.
This qualified Egypt to come in the first place regarding attracting foreign investment in Africa and to become one of the few countries in the world to be able to achieve a growth rate that has reached to 3.3 percent" in 2021 despite the negative challenges of the coronavirus pandemic on the global economy.
He added that the country’s non-petroleum exports also increased during 2021 to reach $32 billion and that the Egyptian economy is expected to see a growth of 5.5 percent during the current fiscal year.
Also, Egypt has managed to implement mega agricultural projects that aim to increase agricultural land by almost 2 million feddans within the framework of its strategy to leverage its capabilities.
This is in addition to the mega projects Egypt is implementing in the fields of transport by expanding thousands of kilometers of roads and upgrading Egypt’s transport system by introducing new projects, the president added.
Sisi also highlighted the country’s numerous projects in the field of clean energy production.
Source: Egypt Today
