Former official highlights Ras El Hekma project's role as a game-changer in Egypt's development landscape.
According to the MoU, GAFI will provide HSBC Egypt with information regarding investment opportunities in Egypt which include the targeted, priority sectors in line with the government’s plan
This marked a slight rise from the end of October when the reserves stood at $35.102 billion
CAPMAS further revealed that FDI in Egypt recorded $2.4 billion in the second quarter (Q2) of FY2022/2023
The government aims to raise its dollar proceeds from FDI by 10% over the next three years, reaching $13 billion, as stated previously by Prime Minister Mostafa Madbouly.
