FDI registers USD 8-8.5 bn last FY, to grow by 20% -El Saeed

FDI to grow by 20% y-o-y in FY2017-18: Foreign direct investment to Egypt in FY 2016-17 is likely to have recorded USD 8-8.5 bn, Planning Minister Hala El Saeed projects, according to Reuters. El Saeed says the government is targeting 20% y-o-y increase in the FDI figures in FY2017-18. The official data for the whole fiscal year is not out yet.