Egypt’s new era
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Minister of Investment Mahmoud Mohieldin of Egypt (left) with Angel Gurría ©Michael Sawyer/OECD |
Egypt has become the first Arab and first African country to sign the OECD Declaration on International Investment and Multinational Enterprises. Egypt has made impressive progress in reforming its investment policies in recent years–foreign investment in manufacturing has been fully liberalised, for instance, with the exception of defence-related industries–but significant barriers to both foreign and domestic businesses remain.
Economic data
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