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Home Egypt

IDSC: State’s FY 2022/2023 comprises investment incentives package

by Gazette Staff
April 5, 2022
in Egypt, Local
IDSC: State's FY 2022/2023 comprises investment incentives package 11 - Egyptian Gazette
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The Cabinet’s Information and Decision Support Center (IDSC) asserted that the state’s fiscal year for 2022/2023 comprised promising investment plans that meant to push up investment rate in Egypt by 15.2 percent to help mitigate the impact of the Russian-Ukrainian crisis on the Egyptian economy.

In an infographic released on Tuesday, IDSC said a set of incentives has been outlined as part of FY 2022/2023 to target several service sectors including the health sector. The targeted investment in this sector aims at establishing and upgrading 94 hospitals and 448 health units as part of the comprehensive health insurance system.

As per the national and strategic projects, 45 road projects should be implemented and 115 sewage treatment and 27 desalination plants should be established under the plan, IDSC added.

The IDSC said that a project to line 6,000 kilometres of waterways and another to establish 47 express train stations are also included.

Tags: Egyptian economyIDSCRussian-Ukrainian crisisstrategic projects

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