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Egypt plans EGP 1.25trn investments in FY21/22

Egypt plans EGP 1.25trn investments in FY21/22
The plan prioritises sectors that drive sustainable economic growth

Cairo – Mubasher: The Egyptian Ministry of Planning and Economic Development reviewed the investment plan for fiscal year (FY) 2021/2022.

The sustainable development plan for the coming fiscal year is in line with the directives of the political leadership and the objectives of Egypt Vision 2030, the Minister of Planning, Hala El-Saeed, said in a statement on Monday.

It includes allocations for health, education, and scientific research and gives priority to sectors that drive sustainable economic growth such as manufacturing, communications and information technology, and agriculture, El-Saeed added.  

The total value of investments targeted in the FY21/22 plan amounts to EGP 1.25 trillion, the minister revealed.

The main objectives of the sustainable development plan include boosting spending on social protection and directing public investments to green projects.