Egypt eyes $1.5 million- agricultural Investments in FY 2015-16

The Egyptian government seeks to double the volume of private sector’s investments in agricultural sector to 11.5 billion Egyptian pounds (US$ 1.4billion) in fiscal year 2015-16.

The government also targets achieving investments volume of EGP 987.7 million in the sector funded by state’s treasury.

The governmental investments in agricultural sector are divided upon a number of programmes for land cultivations, developing veterinary and fishery services in addition to upgrading botanist production services.

The volume of private investments worth 236.5 billion Egyptian pounds divided upon a number of sectors.

Moreover, the total amount of targeted investments for FY 2015-16 is estimated at EGP 416.6 billion opposed to EGP 353.7 billion in FY 2014-15, making an increase in investment rate from 14.5% in FY 2014-15 to around 14.7% in the new fiscal year.