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.