Egypt targets 6% growth in investments in FY2019/20

Egypt plans to post investments totalling 1.17 trillion Egyptian pounds ($67.54 billion) within the financial year 2019/2020, marking a six percent increase.

During the first nine months of financial year 2018/2019, North Africa countries’ investments rose 19 percent to 310 billion pounds, said Egyptian Planning Minister Hala al-Saeed on Saturday.

Al-Saeed added that the Egyptian government is looking to cut unemployment rate to 9.1 percent within the the upcoming financial year and provide 100,000 jobs opportunities per year.