Egypt will fix the economy but don't expect miracles: PM

Egypt's Prime Minister urged the country's citizens not to expect instant results from large-scale infrastructure projects the government has embarked on to create jobs and strengthen the economy.

Ibrahim Mehleb faces the monumental task of repairing finances battered by political upheaval, street protests and Islamist militant violence.

He also has to persuade foreign companies that their cash will be safe in a country where complex laws, legal cases and stifling bureaucracy have entangled or scared away even the most adventurous investors.

In an interview for the Reuters Middle East Investment Summit, Mehleb and several of his ministers seem more candid about the economic and social challenges in the biggest Arab country than past governments.