Egypt allocates EGP 1.25trn for investments during FY21/22

Egypt is planning a total value of investments of 1.25 trillion Egyptian pounds during the FY21/22 plan, Hala El-Saeed, said in a statement on Monday.

The Egyptian Ministry of Planning and Economic Development reviewed the investment plan for fiscal year (FY) 2021/2022.

The sustainable development plan for the coming fiscal year is in line with the directives of the political leadership and the objectives of Egypt Vision 2030, the Minister of Planning, Hala El-Saeed, said in a statement on Monday.

It includes allocations for health, education, and scientific research and gives priority to sectors that drive sustainable economic growth such as manufacturing, communications and information technology, and agriculture, El-Saeed added.

The main objectives of the sustainable development plan include boosting spending on social protection and directing public investments to green projects.