Total executed investments in Egypt reach $19bn in H1 2016

The volume of total executed investments in Egypt hit around 172 billion Egyptian pounds (US$19 billion) during the first half of current fiscal year, representing 12.9 percent of state’s GDP.

Planning Minister Ashraf El Araby said in a press conference held Saturday that during the same period of financial year 2014-15 , the total volume of implemented investments reached 142 billion pounds, representing 11.9 percent of the GDP.

The minister noted that investment rates are expected to record 14-14.5 percent of the GDP by the end of fiscal year 2015-16 and to reach 16-16.5 percent during fiscal year 2016-17.

El Araby added that government’s scheme plans investment rates to reach 18.7 percent in June 2018.