Private sector helped execute 90% of Egypt’s national projects – PM

By Nada Ali On Oct 23, 2022

Egyptian Economic Conference - Madbouly — Egypt's Prime Minister Moustafa Madbouly at the Egyptian Economic Conference (EEC 2022)

Private sector in Egypt has contributed to the implementation of more than 90 percent of giant national projects, which costed more than 7 trillion Egyptian pounds ($356.8 billion), said Prime Minister Moustafa Madbouly on Sunday.

Speaking at the Egyptian Economic Conference (EEC 2022), Madbouly said these projects aimed at achieving sustainable economic development in the country.

The largest share of the state’s public investments was directed to improve transport infrastructure, education, and health fields, he added.

The Prime Minister further said that the state has provided job opportunities for millions of youths, adding that the private sector represents 78 percent of Egypt’s labour market strength.