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Egypt plans to increase US dollar proceeds: Official

by Nagoor Vali

Egyptian cupboard spokesperson Mohamed al-Hommosany introduced that the federal government has a plan to extend US greenback proceeds by elevating investments within the area of trade, and offering incentives to draw overseas direct investments there.

Throughout a phone interview with the Further Information satellite tv for pc channel on Monday, Hommosany mentioned that the state has granted many incentives to overseas and Egyptian buyers to develop and deepen trade in numerous fields and sectors.

Trade is a basic spine of the economic system, he defined, and the state has plans – such because the strategic instructions doc for the Egyptian economic system mentioned throughout the Nationwide Dialogue – to extend Egyptian exports throughout the subsequent few years.

Hommosany confirmed that by implementing plans and offering incentives to buyers, work is progressing to extend investments not solely to offer home will increase, however to additional enhance Egyptian exports to overseas markets.

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