Egypt to complete third phase of roadmap

Prime Minister Ibrahim Mahlab said Egypt is getting closer to completing the third and final phase of the roadmap represented in the legislative elections.
Addressing the third annual meeting organized by CI Capital Group here on Sunday, Mahlab said Egypt is preparing for the economic conference and is carrying out legislative and administrative reforms and at the same time is fighting terror.
Egypt witnessed economic growth from 2004 till 2010 with a growth rate reaching 7%, increased foreign direct investments hitting EGP 13 billion and reduced the financial deficit standing at 9%, he said. However, the achieved economic growth did not reflect positively on the daily lives of the majority of the people, he added.
The current vision on Egypt's economic growth is represented in facing all challenges, reaching an integral economic growth and comprehensive development, he said