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Egypt gov't to invest EGP 100bn in FY18/19

Egypt gov't to invest EGP 100bn in FY18/19
The government investments in FY17/18 budget amount to EGP 70 billion

Cairo – Mubasher: The Egyptian government is planning to pump EGP 100 billion worth of investments in fiscal year 2018/2019, including EGP 3 billion to upgrade industrial zones.

The government's investments in FY17/18 budget amounted to EGP 70 billion, whereas last year's fiscal budget saw around EGP 55 billion in investments, deputy finance minister Ahmed Kojak said during a press conference on Wednesday.

In May, planning minister Hala El Saeed said that Egypt would seek to achieve further growth in the industrial sector by injecting EGP 4.5 billion in investments.