The Egyptian Minister of Planning, Hala Al-Saeed, pointed out that "the expected growth in the second quarter of the current fiscal year will range between six and seven percent," stressing that "Egypt has been keen during the past few years to continue the boom achieved in public investments to improve the quality of life for citizens, upgrading the level of services and stimulating comprehensive and sustainable economic growth, as the volume of public investments in the current fiscal year 2021-2022 amounted to about 933 billion pounds ($59 billion dollars), with a growth rate of 46% compared to the previous year, and an increase of 535 percent compared to the fiscal year 2014 -2015.
Minister Al-Saeed confirmed that "the cumulative total of public investments during the comparison period amounted to about 3.6 trillion pounds (230 billion dollars), and the per capita share of public investments increased by 44% this year compared to the previous year, by 440 percent compared to 2014-2015, confirming the government’s determination to pump huge investments to move the economy at an accelerated pace, this is done by advancing investment, production and employment in all economic sectors, and focusing on developing infrastructure and advancing the human and social development sectors.
Source (Al-Sharq al-Awsat Newspaper, Edited)
