Egypt is anticipating a minimum 20% hike in foreign direct investment (FDI) from the Gulf region over the next year, the country’s Minister of Investment has said.

The country expects to receive a total of $10bn in FDI in 2010, aided by three sizeable industrial deals that are currently under discussion with investors in the UAE, Saudi and Kuwait, minister Mahmoud Mohieldin told Arabian Business.

arabianbusiness.com