Egyptian private sector’s plans remarkably developed: Azour

There are remarkable development Egyptian private sector’s plans in investment after the state success in implementing the new economic reformation programme Jihad Azour, director of the Middle East and Central Asia said on Friday.

Azour also said, during a press conference at the IMF/World Bank annual spring meetings in Washington that the Egyptian government has pumped huge investments during the last period to consolidate the economic development base an action that positively affect the private sector vision of the market.

He also expected that the Egyptian private sector role will be more elaborated in the investment projects during the upcoming period, with more major companies seeking to invest into national projects.

Egypt has made significant progress as the economy grew 5.5 percent in two years, said the senior International Monetary Fund official.