- Dr. Youssef Boutros Ghali and Minister of Finance, said he hoped that the estimated growth of between 8 and 9% in two years and 6% by the end of this year compared to 5.2% in 2009-2010, as predicted in remarks on the sidelines of the Euromoney Cairo 2010, which began its meetings yesterday that the falling budget deficit to 7.9% by the end of this year versus 8.3% last year.
Boutros-Ghali said at the conference, which involved money in sponsorship in the media and distributed through a special annex attached to the English-language and third in Arabic next to the Gazette that the government will focus on a number of issues during the coming period, primarily education and re-distribution of income as it plans to cut poverty in half within two years.
Ghali said in an opening speech before the first session of the conference that the importance of the global economy lies in the amount of investment pumped by investors in the Egyptian economy, noting that many investors believe that Egypt has a promising opportunities for growth may enable them to follow the example of China in the future.
For his part, Dr. Mahmoud Mohi El Din, Minister of previous investment that the investment rules and visions changed dramatically after the global financial crisis and has made the survival of the smartest able to keep pace with these changes and not stronger.
Select the Minister of Investment, the former 5 factors that must be met in any country is willing to maintain its position as the center of the global economy are summarized in improving the quality of human capital and raising the reliance on technology and promote the growth of a culture conducive to business growth next Alastqrrarin political and economic as well as the availability of the desire of the State itself in cooperation with other countries and exchange of investments and methods of information transfer.
Considered Mohiuddin what was raised in the recent past about shaking the confidence of investors in the domestic market as well as the clouds on the future vision of the local economy and its ability to attract foreign investment, something naked of health and called the application of the five criteria mentioned above to rule on Egypt's position, stressing that the perspective of an investor's long-term in the domestic market is considered stable under the political and economic stability enjoyed by the state.
In a related development, Minister of Investment said that the former despite the fact that investment in infrastructure in the local market area is still beloved for the private sector in the current period, the proportion of private sector contribution of the total port infrastructure projects does not exceed 2% compared to 25-40% countries East Asia, which led him to advocate a greater intensification of private sector participation in infrastructure projects which will be parallel with the Government's focus on investment in the same area.
