Egypt Targets 4.2 Percent Growth during the Next Fiscal Year

  • Cairo, Arab Republic of Egypt
  • 28 March 2024
1

The Egyptian government approved the economic and social development plan for the next fiscal year 2024-2025, which aims to achieve a growth rate of 4.2 percent.

Minister of Planning and Economic Development Hala Al-Saeed explained, "The targeted growth comes compared to the International Monetary Fund's estimates of growth of 4.7 percent."

"The plan includes an increase in the share of private investments to reach about 50% of the total investments, in line with the state ownership policy document, and the trend to enhance the participation of the private sector in development efforts," Al-Saeed said.

Source (Al-Sharq Al-Awsat Newspaper, Edited)

Related News

Egypt's GDP Grows by 2.4 Percent

  • Arab Republic of Egypt
  • 22 November 2024

Egypt's Average Hotel Occupancy Exceeds 58%

  • Arab Republic of Egypt
  • 19 November 2024

Get an annual subscription in Al-Omran Al-Arabi Magazine

SUBSCRIBE NOW