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Remittances of Egypt s expats hit annual record of 31 4 bln USD: central bank
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Remittances of Egypt s expats hit annual record of 31 4 bln USD: central bank - World News
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CAIRO: Egypt is aiming to raise EGP 1.25 trillion ($80 billion) as part of its investment plan for the fiscal year 2021/2022, according to the Egyptian Minister of Planning and Economic Development Hala Al-Saeed.
The investment plan forecasts a 125 percent increase in funding for the production sector, the minister said, along with a 30 percent increase for the country’s service sector.
Al-Saeed said the plan helps address the public spending commitments related to health and education and scientific research, as well funding for the continued efforts to combat the COVID-19 pandemic.
She said priority would be given to high-productivity sectors that drive sustainable economic growth in Egypt such as the manufacturing, communications, information technology and agriculture sectors.
Saudi Sharbatly Group plans to invest $2 5bln in Egypt within next 5 years
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