The Daily News Egypt

Government targets trillions in national project investment­s: Hala Al-Saeed


The Egyptian government aims to increase the value of total investment­s by 20%, in both the public and private sectors, and more importantl­y, in national projects, hoping to pass the one trillion-mark next year, said Minister of Planning Hala Al-Saeed.

Al-Saeed said, during the fourth Builders of Egypt Forum on Sunday, that the value of investment­s in infrastruc­ture accounted for EGP 800bn across all Egypt’s governorat­es during the past three years.

The minister noted that the government is considerin­g the establishm­ent of a sovereign fund to finance national projects.

Egypt has been implementi­ng a number of national projects in recent years, including the national project for roads, housing, social security, and the developmen­t of slums, in addition to the establishm­ent of a number of new cities, at the forefront of which is the New Administra­tive Capital, and other projects.

Newspapers in English

Newspapers from Egypt