Egyptian Gov’t investment hits EGP324bln in last 2 years

The Egyptian Cabinet estimated the total government investments implemented during the period from July 2018 to June 2020 at 324 billion Egyptian pounds.

According to the Cabinet, some economic activities maintained positive growth rates despite the pandemic crisis, and about 7,320 projects were fully implemented, since the launch of the government program in July 2018 until the end of December 2019, with an investment cost of 591 billion pounds.

The projects completed in the past 1.5 year cover 23 sectors in all governorates of the Republic, most notably 28 projects in the petroleum sector at a cost of 346 billion pounds, 369 projects in the electricity and renewable energy sector at a cost of 80 billion pounds, and 498 projects in the housing sector at a cost of 56 billion pounds.

The education and health sectors witnessed the establishment of 1228 projects at an investment cost of 10.5 billion pounds, 2,330 projects in Upper Egypt at a cost of 50 billion pounds, and 650 projects in the border governorates at a cost of 17.5 billion pounds were completed.