Private investments in Egypt’s infrastructure record $22bn in 24 years- minister

The total volume of private investments in Egypt’s infrastructure hit US$22 billion from 1990-2014, investment minister Ashraf Salman said Monday.

He stated that supporting the PPP Central Unit at finance ministry is the main core of the government’s plans to achieve the targeted growth rates i.e. 5.5 percent in 2015.

Salman asserted that the projects issued through PPP Unit are important to double the volume of investments with private sector in a number of major fields notably infrastructure, water desalination, and sewage.

Moreover, investment ministry targets promoting PPP Central Unit in cooperation with finance ministry in shadows of the projects issued by the unit, Salman clarified.