Total Public Investments Record EGP 80 Bln in Q1Source: www.export-egypt.com 12/23/2018, Location: Africa |
|
|
|
|
|
Egypt's total public investments during the first quarter of the year fiscal year 2018/2019 have registered EGP 80 billion, with government investments of about EGP 27.4 billion, Minister of Planning, Monitoring and Administrative Reform Hala el Saeed said .
Most of the government investments have been directed to develop infrastructure, the minister added in her speech to the opening session of the 5th "Akhbar Al Youm" Economic Conference, which kicked off on Saturday evening and is expected to last for two days. A total of 18 percent of these investments have been allocated to the sector of construction and public utilities, while the transport sector and electricity sector have been provided with 13 percent and 11 percent of the investments respectively, Saeed said. In addition, 7 percent of these investments were directed to the health and education sectors with public investments exceeding EGP 5 billion, she added. The minister stressed the state's keenness on supporting SME sector by implementing the CBE's initiative to allocate EGP2 billion to finance small and medium-sized enterprises, as well as increasing the Upper Egypt-allocated investments to EGP 26 billion compared to EGP 22 billion in previous years. Egypt has achieved positive growth rates in all economic sectors, driven by the leading the growth of foreign direct investment sector, Saeed said. She affirmed the industry sector's vital role in achieving sustainable development and applying Egypt Vision 2030. The minister said reforming the administrative apparatus is cornerstone in achieving the national program for economic and social reform. |
|
|
Financials and Investment News in Egypt >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Egypt Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | |
