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Egypt's finance minister predicts 6% growth within 3 years, touts mega-projects

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CAIRO — Egypt's finance minister is predicting growth rates of up to 6 percent within three years, which would mark a major turnaround following three years of political turmoil that has crippled the economy.

Hany Kadry Dimian told The Associated Press he expects growth to increase from 2.5% to 3.5% this quarter, as Egypt pursues several mega-projects -- including an expansion of the Suez Canal -- and seeks foreign investment and a revival of the vital tourism sector.

"Having all these projects in place, having investors already knocking on the door to be placed and well-situated with the development projects we have, with the Suez Canal, the 5-6% in 2-3 years is very doable," said Dimian.

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