Egyptian Ambassador to India Hatem Tageddin said on Saturday that the government has adopted measures to attract more Indian investment after realizing stability.
The diplomat made the remarks during a conference on investment in Africa which was held by the Indian chamber of commerce.
In his speech, Tageddin cited plans to establish the parallel Suez Canal and one million housing units.
The new projects are expected to achieve returns estimated at $6 billion per year, the diplomat said.
Also, he invited the Indian businessmen to take part in the Sharm El-Sheikh international economic conference in March 2015.