CAIRO – Egyptian Finance Minister Mohamed Maeet said Wednesday that the government is strongly acting to support the private sector in lead the Egyptian economy.
The plan is for the private sector to seize more than 70 per cent of the economy, Maeet said during a debate with the board of governors of the Middle East and Central Asia Department of the International Monetary Fund (IMF).
He talked about efforts to increase the rates of local production and exports.
A maximum volume of public investments has been set at one trillion pounds during the next fiscal year, Maeet made it clear.
This is meant to create bigger room for the private sector to grow, contribute to the development process and create a million jobs annually, the minister noted.
