Director of Investment and Enterprise at the United Nations Conference on Trade and Development (UNCTAD) James Zhan said that Egypt is among the most investment-attractive countries in the world.
Zhan made the statements during a meeting with Egypt’s Minister of Investment and International Cooperation Sahar Nasr in Geneva on Wednesday on the sidelines of the UNCTAD conference on global investment.
Zhan said that Egypt was the most attractive country for foreign direct investment (FDI) flows in Africa in the first half of 2019 thanks to its economic reform programme and the improvement in macroeconomic indices, in addition to the latest legislative amendments that have upgraded Egypt’s investment climate.
Nasr asserted that Egypt has implemented an ambitious social and economic reform programme that aims to improve the investment climate and provide room for the private sector to play its role in the development process and stimulate economic growth.
She added that the latest amendments to the investment law were drafted in accordance with global investment standards.