August 22, 2018 / 9:28 AM / 4 months ago

Egypt eyes $11 bln FDI in 2018-19, up from $7.9 bln a year earlier- minister

CAIRO, Aug 22 (Reuters) - 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. (Reporting by Ehab Farouk, writing by Sami Aboudi)

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