Cairo- Egyptian Minister of Planning and Economic Development Hala Saeed said the 2021/2022 State plan focuses on maintaining the momentum achieved in general investments.
General investments are estimated at nearly 933 billion Egyptian pounds , marking a 46% increase as per this year’s plan, compared to general investments in 2020/2021 that are to the tune of 637 billion pounds, she further said on Monday.
In the FY 2021/2022 plan, general investments record nearly 75% of total investments, hitting for the first time nearly 1,250 billion pounds with a 51% rise against the previous fiscal’s plan, Saeed added while probing a report of the Planning and Budget Committee at the House of Representatives.
The figures show the government’s utmost interest in pumping giant investments to promote the economic performance, move forward the investment wheel and increase production and activities in all economic sectors, in addition to upgrading infrastructures and shoring up the sectors of human and social development, according to the Egyptian official.
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