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Planning Minister: Industry and Commerce Drive 48% GDP
The Minister of Industry participated in the African Investment Forum in the automotive sector, held in El Alamein, as part of Egypt's efforts to attract new foreign investments. The initiative focused on boosting investment in technological industries, with Egypt aiming to increase foreign investment inflows after reaching their highest levels in six years. According to the Central Bank, the net foreign assets in August 2026 amounted to approximately $31.2 billion. Abdel Moneim El-Sayed also noted that regional upheavals are imposing additional burdens on the Egyptian economy.
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