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Egypt seeks LE360bn private sector infrastructure investments this year: Minister

Deya Abaza , Monday 19 Oct 2015
Views: 1947
Views: 1947

Egypt will need LE360 billion ($45.4 billion) in private sector investments in infrastructure projects in the 2015/2016 fiscal year, Minister of Investment Ashraf Salman said on Monday.

To reach its target growth rate of 5 to 5.5 percent of GDP, Egypt will need a total of LE420 billion ($53 billion) in investments, of which the government can only provide LE60 billion, said Salman, speaking at the third annual PPP Investment Summit Egypt in Cairo.

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