The directive emphasizes the need to actively explore and capitalize on all available development prospects while ensuring that investments are channeled in a manner that maximizes benefits for the citizens
President Abdel Fattah El-Sisi has instructed the government to persist in endeavors aimed at enhancing investments in the human resources of Egypt.
The directive emphasizes the need to actively explore and capitalize on all available development prospects while ensuring that investments are channeled in a manner that maximizes benefits for the citizens.
This came during his meeting with the Prime Minister, Mostafa Madbouly, and the Minister of Planning and Economic Development (MPED) Hala El-Said on Tuesday, according to a statement from the Presidency.
During the meeting, the President was briefed on the latest developments in a number of files from the Ministry of Planning and Economic Development, including Egypt's investment plans for the next fiscal year (FY) 2024/2025.
El-Sisi followed up on what was implemented in the plan for the current FY2023/2024, and the most important sectors related to the implementation of the plan including the health and education sectors, which primarily give priority to developing Egyptian's capabilities.
Earlier in February, the Ministry of Planning and Economic Development reported that Egypt targets EGP 600 billion from private investments during FY2023/2024, at a rate of 36% of the total investments.
In January, El Said highlighted that Egypt’s gross domestic product (GDP) increased to EGP 10.2 trillion in FY2022/2023, compared to EGP 5.6 trillion in FY2018/2019. She added that the targeted GDP for FY2022/2023 was EGP 9.2 trillion.
