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Egypt aims to raise foreign direct investment to $11 billion

Published: Updated:

Egypt aims to raise foreign direct investment to $11 billion in the current 2018-19 fiscal year, up from $7.9 billion the year before, Planning Minister Hala al-Saeed said on Wednesday.

The minister said the government, under a medium-term development plan to 2022, hopes to create about 750,000 jobs in the current fiscal year which ends in June 2019.