In his speech before the Euromoney Conference on 4/9/2007, Investment Minister Mahmoud Mohieddin noted that the economic reform program aims to realize higher growth rates via upgrading infrastructure and promoting local and foreign investments. Mohieddin stressed the government's commitment to the reform process which led to the unprecedented rising of the economic growth rate to hit 7.1%.

"The volume of Direct Foreign Investments (DFIs) hit 8.6% of the GDP," he noted. Within the continued development process, Mohieddin said the stock exchange of the medium and small projects will start next October and the capitals of the registered companies will hit LE 500,000 up to LE 20 million.

5/9/2007