Egypt to invest EGP9.76bn in wholesale, retail trade during FY20/21

The Egyptian Ministry of Planning and Economic Development issued a report outlining the objectives of the supply and internal trade sector in fiscal year 2020/2021.

The strategic objectives include securing a strategic reserve of basic commodities sufficient for three to six months and expanding the internal trade scope to increase its contribution to economic growth, the Minister of Planning, Hala El-Saeed, said in a statement on Tuesday.

The government is looking to injecting 9.76 billion Egyptian pounds into the wholesale and retail trade sector in the current fiscal year, accounting for 1.3 percent of total planned investments, she revealed.