Egypt's Prime Minister Dr. Ahmed Nazif has said that investment is the locomotive of the Egyptian economy and the rate of growth of the fiscal year 2003/2004 is expected to score 5 percent against 4.1 percent last year.
In the opening session of the second investment conference on Wednesday, he said that the government will deal with all investors on the basis of transparent, firm and consistent principles, to help companies achieve the highest benefit. Taxes will be slashed on the companies by 50 percent and many burdens will be lifted off the investor especially in regard to tariffs, he added.
