Cairo – Mubasher: Private investments in Egypt grew by 54% year-on-year in the first half of fiscal year 2017/2018, recording EGP184.4 billion from EGP 119.9 billion.

Total implemented investments rose by 48% in the July-December period of FY17/18, compared to EGP 231 billion in H1-16/17, the Egyptian investment ministry highlighted in a statement on Thursday.

Egypt aims to pump EGP 100 billion investments in FY18/19, including EGP 3 billion to upgrade industrial zones, versus investments of EGP 70 billion in the current fiscal year.