24 October 2007

Garana expects more FDI after the UNCTAD report

According to Al Alam elyom; Minister of Tourism, Zoheir Garana, is expecting an increase in the FDI flow to Egypt especially the tourism sector after the recent report issued by the UNCTAD ''United Nations conference on trade and development''.
Egypt was ranked the first African country with regard to FDI attraction, implying an improved investment climate, and hence more foreign investors' confidence to enter the Egyptian market