Egypt’s infrastructure investments recorded $108.7bln over 7 years: Planning Minister

Egypt’s infrastructure investments recorded $108.7bln over 7 years: Planning Minister

Egypt's Minister of Planning and Economic Development Hala El-Said revealed that public investments directed to infrastructure during the last seven years amounted to EGP 1.7 trn ($100bn). This came during her participation in First Edition of IPA's Africa Forum entitled "Integration for Growth“, held in Sharm El-Sheikh from 11 to 14 June. El-Said's took part in a session held during the first day of the first forum of the heads of African investment promotion agencies was entitled "Enhancing the Participation of the Private Sector: The Role of African Governments and Regional Partners“. During her speech, El-Said pointed to the importance of the private sector's participation in development efforts, as the partnership between the government and the private sector is one of the main pillars for achieving UN 17 SDGs. El-Said explained that achieving sustainable development by 2030 requires concerted efforts and mobilization of all available resources from governments and the private sector. "Africa is a continent of challenges and opportunities. It faces many development challenges, which have increased in severity with the Covid-19 pandemic, most notably the lack of sufficient funding. However, Africa's Agenda 2063 recommends reforming the financing system and mechanisms for development plans,“ El-Said said. She added that,