CAIRO – The Egyptian Ministry of Planning and Economic Development issued Friday a report that review the economic and social development plan for the fiscal year (FY) 2022/2023.
Planning and Economic Development Minister Hala el Said said that the plan pays attention to pivotal development issues and local, regional, and international developments, especially in light of the expected repercussions of global crises and current geopolitical events.
The plan estimated the growth rate for the year 22/2023 at about 5.5%, said the minister, adding that the plan aims to create a major investment boom, as for the second year in a row, the estimated investments exceed EGP one trillion, to record about EGP 1.4 trillion, compared to expected investments for the year 21/2022 amounting to EGP 1.2 trillion, with a growth rate of about 16.7%.
