Egypt's investment minister says his government hopes to attract up to $35 billion from about 50 projects offered to investors during a much-hailed international economic conference later this month.
Ashraf Salman said Thursday that Egypt's recovering economy has already attracted some $1.3 billion in foreign investment in the first quarter of the current fiscal year that ends in June. He said the government hopes the figure reaches $8 billion by the end of the fiscal year, nearly double the amount from the previous year.