According to the newspaper, "Financial Times"

Egypt is to present $35bn worth of projects at the investment conference in Sharm el-Sheikh on March 13 and 15. As well as showcasing opportunities for foreign investors, the government is hoping to highlight reforms aimed at restoring confidence in an economy.

Last week the cabinet approved a new investment law in an effort to address some of the issues ahead of the conference. Changes include simplifying the process for obtaining permissions and making deals less vulnerable to legal disputes by third parties.



The International Monetary Fund has endorsed Cairo’s efforts saying they were starting to spur growth and produce “a turnround”. It predicted that GDP would grow by 3.8 per cent in the fiscal year ending in June, up from 2.2 per cent the previous year.

Mr Ozalp- managing director of a corporate finance advisory group- points out that there is recognition that Egypt is a more stable environment and sectors such as healthcare and real estate have already attracted foreign interest in recent months.

“Egypt adds 1m new consumers every year,” said Ashraf Salman, investment minister, who said the government was hoping to conclude six deals at the conference, including a power station worth $3bn.