Egypt seeks 'bold' economic reforms

Egypt's Investment Minister Ashraf Salman on Friday said that Egypt seeks introducing "bold" economic reforms.

Speaking to the Hungarian-Egyptian business forum, Salman said that the reform program also depends on launching a large number of mega projects.

These projects would stimulate the economy, increase growth rates and reduce unemployment rates, the minister added.

The newly introduced regulations on microenterprises, mining and quarries contributed significantly to the reform program in Egypt, he noted.

The minister asserted that the Egyptian market enjoys a lot of strengths, mainly the distinguished geographic location and high rates of development.
Source: MENA