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21-04-21
Egypt to raise USD80B as part of its investment plan
(MENAFN)The Egyptian Minister of Planning and Economic Development Hala Al-Saeed stated that Egypt plans to increase EGP 1.25 trillion (USD80 billion) as part of its investment plan for the year 2021/2022.
The minister further declared that the investment plan estimates a 125 percent improvement in funding for the production sector with a 30 percent raise for the country’s service sector.
The plan facilitates address the public spending commitments based on health and education and scientific research, in addition funding for the remained efforts to fight the Coronavirus pandemic, Al-Saeed added.
High-productivity sectors will be prioritized that drive sustainable economic growth in Egypt like the manufacturing, communications, information technology and agriculture sectors, she also declared.
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