Egypt’s Investments May Up EGP337bln in FY14/15: Minister

The total expected investments within the upcoming fiscal year of 2014/2015 will be up EGP337billion in compared to EGP291billion in the current fiscal year, Ashraf Al-Araby, Egyptian Planning and International Cooperation Minister revealed.

It is expected that the government will contribute to EGP62.2billion in the value of the upcoming investments against EGP63.7billion of the ongoing year, as investments boosted to EGP95.4billion after the economic stimulus which the government has been pumped, Al-Araby explained.

The Egyptian treasury will finance more than EGP50billion investments in compared to EGP34.4billion in the current year.