Public investments for the upcoming fiscal year are capped at EGP 1 trillion to bolster private sector involvement, aiming to raise private investment to 50% of total investments, up from 40% this year
The new target is significantly lower than the program’s previous successes, with the program securing around $5.6 billion between April 2022 and the end of last year.
Egypt's "Decent Life" project enters its second phase with a focus on vital infrastructure development, including hospitals, roads, and water projects.
In the first quarter of the fiscal year 2023/2024, private investment amounted to approximately EGP 154 billion, an increase from the previous estimate of EGP 114 billion
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
