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Economic growth signals Egypt overcomes 'tough period' - Sawiris

Economic growth signals Egypt overcomes 'tough period' - Sawiris
Egyptian businessman Naguib Sawiris

Cairo – Mubasher: Egyptian tycoon Naguib Sawiris said that Egypt has overcome the "tough period" as the economic growth increased to 5%.

Inflation impacts are shrinking which will bolster investment in the Arab world's most populous country and create new jobs, in line with implementing social-oriented projects, the telecoms magnate added on his official Twitter account .

The Egyptian economy’s positive impacts have been appeared in the increased investments in the North African country, higher cash surplus, the rising number of projects, higher economic growth, and lower inflation, Orascom Telecom Media and Technology Holding (OTMT) chairman indicated.

Earlier this month, Sawiris said that investment returns in Egypt are the highest in the world.