Egypt vows to lure investments

Egypt Prime Minister Ibrahim Mahlab said that the government was insisted on continuing the legislative, economic and management reforms to lure investments and achieve high growth rates. Mahlab made the statement on Thursday while inspecting the construction site of the “Mall of Egypt” project in Giza’s Sixth of October City.

The project is the latest of Dubai-based Majid Al Futtaim Group that owns and operates shopping malls, retail and leisure establishments in North Africa and the Middle East.

The shopping mall will be established at total investments of EGP 4.9 billion and is expected to open in 2016.

“Our aim is to create a better atmosphere for attracting investments,” said Mahlab.