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EGP 500mln for Re-operating Closed Factories

Source: www.export-egypt.com 9/27/2013, Location: Africa

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The government pledged to improve the citizens' living conditions within six months, said Minister of Planning Ashraf Al Araby, asserting that social justice includes pushing up economic growth.

The minister affirmed that within six months, the citizens will see an increase in their income. The minister's statements came during the inauguration of the first Arab conference on investment and security in the Red Sea resort city of Sharm El-Sheikh.

The government exerts strenuous efforts for pushing forward private and public investments, he said, adding that EGP 500 million have been allocated to the re-operation of closed projects.

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