Egypt witnesses sweeping changes in economy

Chief economic adviser to Allianz SE, the German financial-services giant, Mohamed El-Erian said on Saturday that Egypt is passing through a great deal of change in economy.
The Egyptian government has adopted new measures that increase investors' confidence in the economy leading to tangible changes seen at levels of macro-economy, platforms, sectorial progress and amendments to investment laws, El Erian said during the Egypt Economic Development Conference (EEDC) in Sharm el Sheikh.
The mega-project plans announced at the EEDC should be followed by a series of small and medium enterprises (SMEs) to cope up with the expected growth rates, he said.
Source: MENA