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Wednesday, 21 December 2016

Planning Ministry announces governorate development plan with investments of EGP 570 bn

The Planning Ministry announced its sustainable development plan for governorates, with target investments of EGP 570 bn, 51.1% of which the government hopes will be ponied-up by the private sector, according to Al Masry Al Youm. Priority areas include construction, energy and water, transportation, social services, and tourism, among others, to reduce unemployment and improve living standards for citizens. Planning Minister Ashraf Al Araby also said that the ministry is planning an international economic conference for March of next year, according to Al Mal, to mark the one-year anniversary of the launch of the Egypt 2030 development plan. Meanwhile, the planning and investment ministries are working together to release an investment almanac to present to investors during the first quarter of 2017, Al Borsa reports.

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