Executed investments in Egypt hit $10bn in Q3 of FY2015/16- planning ministry

The total volume of investments executed in Egyptian market during the third quarter of fiscal year 2015-16 rose by 5.2 percent to around US$10.6 billion compared to a year earlier.

The latest statement released by Egyptian Ministry of Planning on Sunday showed that  private sector investments hiked by 2.7 percent to 64.9 billion Egyptian pounds (US$ 7.3 billion) while investments of public sector declined by 24 percent to 35 billion pounds.

Real estate sector topped the list of implemented investments with investments totaling 15.8 billion pounds, followed by transport sector in which executed investments reached around 11.79 billion pounds during the third quarter of financial year 2015-16.

The total volume of implemented investment in natural gas sector recorded around 10.12 billion pounds, the statement added.

During the first three quarters of financial year 2015-16, the volume of implemented investments reached 271.6 billion pounds (US$30.5 billion) versus 237 billion pounds a year earlier, registering 14.5 percent increase.

Moreover, Egypt eyes investments worth around 531 billion pounds during the current fiscal year in both public and private sectors.