Egypt targets investments worth 942 bln pounds in FY2018/19

Egypt’s total investments are expected to reach 942 billion Egyptian pounds in financial year 2018/2019 distributed over different services sectors, Egyptian planning minister Hala El-Said has said.

The minister noted that the North African nation’s economy has started turning a corner over the past four years, state-run news agency MENA reported.

This recovery was driven by the positive steps taken by the Egyptian government, including the reform of the country’s economic and social structure, she highlighted.

Egypt’s total investment in financial year 2016/2017 rose 28 percent year-on-year to 502 billion pounds, compared to 392 billion pounds in the prior-year period, El-Said pointed out.