#Egypt plans LE 85 bln investments for stimulating economy

As part of efforts for improving the living conditions of citizens, activating the national economy and luring more local and Arab investments, the government is carrying out intensive activities to implement important projects with a view to realizing social justice and ensuring new jobs.

Minister of Finance Ahmed Galal said that the government will announce over the coming few days the socio-economic plan to be implemented within six months for enhancing the national economy.

The aggregate investments of the plan hit some EGP 85 billion, allocated for establishing the infrastructure that would benefit the coming generations and accomplish the current and suspended projects with the contribution of some Arab countries, he added.

Galal pinpointed that an economic high-level delegation from the United Arab Emirates will visit Egypt to discuss financing a number of projects to be offered by the government over the coming period.


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