Middle East Economic Survey


No 50


Egyptian Government Plans To Remedy Poor FDI Record

Foreign Direct Investment (FDI) in Egypt has declined rapidly in recent years to levels that are paltry even by African standards. MEES Banking and Finance Editor Melanie Lovatt reports from Egypt Invest 2004, held in Cairo on 24-25 November, on the reasons behind the decline and outlines the remedies being put forward by the new government.

The statistics are alarming. While FDI...