Egyptian exports up 55 percent, FDI up 189 percent
The Egyptian Minister of Economy and Foreign Commerce, Yosouf Butros Ghali, has estimated the country’s exports at $3.629 billion in the first half of 2000, a $1.295 billion increase, which is equivalent to 55 percent, compared with the first half of the previous year.
According to a report in Al-Ahram newspaper, the minister estimated the value of incoming foreign direct investments (FDI) into Egypt at $903 billion in the first half of this year. This figure translates into a 189 percent jump compared with the corresponding period of 1999. — (Albawaba-MEBG)