Investment Minister Mahmoud Mohieddin held talks Friday 6/11/2009 with a delegation from Singapore-based Fullerton financial group on the possibility of having access to the Egyptian market. During the meeting, the minister reviewed investment opportunities available in the Egyptian market, especially in the financial services domain.

Fullerton representatives, for their part, posted the minister on their investment ventures in some of the developing markets, including Indonesia, Pakistan, India, Malaysia, and China, voicing keenness to add Egypt to the list.

The delegation also showed interest in services related to financing small and medium sized enterprises in the Egyptian market, encouraged by the success of a financial reform program adopted by the Central Bank of Egypt.

Mohieddin said such economic reforms helped Egypt overcome the negative impacts of the international financial crisis, compared to other economies. Egypt's growth rate for the FY 2008-2009 reached 4.7 percent, with the foreign direct investments hitting $ 8.1 billion, he noted. For the FY 2009-2010, the growth rate is expected to average 5-5.5 percent, while foreign direct investments to hit dlrs 8-10bn, Mohieddin added.