Financial Times FT.com

Foreign investment: Big push to keep old and new customers happy

By Heba Saleh

Published: December 16 2008 17:22 | Last updated: December 16 2008 17:22

It is a point of pride for the Egyptian government that foreign direct investment has increased more than six fold to $13.2bn in the last year, up from $2.1bn in 2003/2004, when the current cabinet headed by Prime Minister Ahmed Nazif, took over.

But with an international financial crisis under way, officials and analysts expect FDI flows to decline and the task of attracting the same level of interest to become harder.

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