(MENAFN) Egypt is set to attract foreign direct investments valued at USD60 billion and to attain a growth rate of 7 percent over the next four years, the country's planning minister said, Reuters reported.
According to the minister, Egypt is also eyeing lower employment rate of below 10 percent, from the current 13 percent, over the upcoming four years.
At the verge of an investment conference later this week, Egypt hopes to attract billion dollars investments to boost its lagging economy due to political and economic turmoil since 2011.
"We're targeting foreign direct investments worth USD60 billion starting from 2015/16 to the end of 2018/19," the minister said in an interview that took place on Saturday.
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