Cairo – Mubasher: The value of the implemented projects in the third quarter of the fiscal year 2015/16 increased by 5.2%, according to the Egyptian Ministry of Planning.

The total value of the implemented projects in the third quarter of FY15/16 amounted to around EGP 100 billion ($11.2 billion), compared with EGP 95 billion ($10.6 billion) for the comparable period of the previous year.

The value of the projects implemented by the private sector surged 32.7% to EGP 64.9 billion, while the public investments declined by 24% to EGP 35 billion.

The activities of the real estate sector topped the list of the implemented investments as it stood at EGP 15.8 billion, followed by the logistics sector with EGP 11.79 billion.

The government stated earlier that it targets investments worth EGP 531 billion in FY15/16.