Last Update 20:45
Sunday, 17 November 2019

Egypt targets 8% economic growth rate by the end of development plan in 2021

MENA , Wednesday 3 Oct 2018
Egypt's Planning Minister Hala El-Saeed (Photo: Al-Ahram)
Views: 2773
Views: 2773

Egypt's planning minister Hala El-Saeed said during a meeting with a delegation of foreign investors on Wednesday that Egypt is targeting a 7.5 to 8 percent economic growth rate during its medium-term sustainable development plan over the next four years.

The minister met with the Director of Citibank Activities Mohamed Abdel-Qader and a number of representatives of investment companies and banks operating in Egypt to discuss their current investments in Cairo and work towards ways of increasing them over the coming years.

"The national plan targets a 25 percent growth in investment rates," El-Saeed told the investors.

The meeting also reviewed the serious efforts exerted by the government to carry out the national economic reform program launched in November 2016, which has so far led to increasing growth rates to 5.3 percent and reducing unemployment rates to 9.9 percent, according to the minister.

Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.