"There are diverse domains for investment in Egypt," said Investment Minister Mahmoud Mohie Eddin on Monday18/8/2008 in his speech at the inaugural session of a conference on investment in West Delta region.

Mohie Eddin noted that investors are very much interested in operating in services and industrial sectors.

The Ministry is supporting investors who would like to operate in Egypt.

A study was completed to set up an investment zone in Alexandria over an area of 800 feddans, he said, adding that the zone will be devoted for petrochemical, textile and ready-made garments industries.

The Ministry, in cooperation with other bodies concerned, is seeking to establish 16 consumer cooperatives in central and west Delta for making available basic commodities at affordable prices.

"Egypt's economy is moving forward," he added.

The key objective of increasing growth rates is to control inflation in markets, he said.

Mohie Eddin pressed for capitalizing on success stories in such countries as Malaysia and Singapore in terms of development.

He further sheds light on the need for attracting foreign investments in Egypt.