Egypt’s public investments hit $4 bln in Q1-FY2018/19

Egypt’s total public investments reached 72 billion pounds ($4 billion) during the first quarter of financial year 2018/2019,  with government investments of 27.4 billion pounds, Planning Minister Hala al-Saeed said on Saturday.

Most of the government investments have been directed to develop infrastructure, the minister said at the inauguration ceremony of Al Ahram economic third annual conference, held under the auspices of Prime Minister Moustafa Madbouly.

A total of 18 percent of these investments have been allocated to the sector of construction and public utilities, while the transport sector and electricity sector have been provided with 13 percent and 11 percent of the investments respectively.

The conference was attended by several ministers, officials of government authorities, financial, and banking institutions as well as representatives of the business community.

Source: MENA