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Sunday, 08 December 2019

Egypt’s total public investments record EGP 72 bln in Q1: Planning minister

MENA , Ahram Online , Sunday 2 Dec 2018
Hala El-Saeed
File Photo: Egypt's Planning minister Hala El-Saeed (Photo: Al-Ahram)
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Egypt’s total public investments during the first quarter of the 2018/2019 fiscal year have registered EGP 72 billion, with government investments of about EGP 27.4 billion, Minister of Planning, Monitoring and Administrative Reform Hala El Saeed said on Saturday.

Most of the government investments have been directed to develop infrastructure, the minister said at the inauguration ceremony of Al Ahram economic third annual conference, held under the auspices of Prime Minister Mostafa Madbouli.

A total of 18 percent of these investments have been allocated to the sector of construction and public utilities, while the transport sector and electricity sector have been provided with 13 percent and 11 percent of the investments respectively.

The conference was attended by several ministers, officials of government authorities, financial and banking institutions as well as representatives of the business community.

 

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