Investment Minister: LE 360 Bln Local Investments Targeted This Fiscal Year

Investment Minister Ashraf Salman said on Monday 19/10/2015 Egypt aims to attract EGP 360 billion local investments within the fiscal year 2015/2016 to reach a growth rate between 5 to 5.5 per cent.

In his speech at the third annual PPP Investment Summit, Salman said that the total volume of private investments in Egypt’s infrastructure hit some $22 billion from 1990 to 2014.

The minister hailed the PPP (public–private partnership) as an important tool for the Egyptian economy to attract more investments in several major fields, including energy, water desalination, and sewage.

The minister stressed the government’s keenness on attracting investments and restoring the investors’ confidence in the Egyptian economy.

Source: State Information Service