Egypt to increase industrial growth rates to 10.7 % in FY 2021/2022.

Minister of Planning Hala Al-Said said that the government aims to enhance the competitiveness of the industrial sector and increase the growth rates from 6 percent to 10.7 percent by FY 2021/2022.

The minister made these comments during  a summit held by South Asian Strategic Stability Institute University (SASSI) in collaboration with the Embassy of the Islamic Republic of Pakistan in Cairo, in celebration of the passage of 70 years of diplomatic relations between Egypt and Pakistan.

Al-Said added that the government would achieve that goal through making the industrial land plots available with reasonable prices and expanding in the establishment of industrial complexes.

She added that the summit targets boosting future economic relationships and establishing sustainable connectivity between both countries.

Egypt’s growth rate for 2017/2018 fiscal year hit its highest level in ten years as it recorded 5.3 percent against 4.2 percent in the year before.