Gov’t investment hits LE 324B in last 2 years

Gov’t investment hits LE 324B in last 2 years

FILE PHOTO- Ministers partake in a Cabinet meeting







CAIRO – 17 November 2020: The Egyptian Cabinet estimated the total government investments implemented during the period from July 2018 to June 2020 at LE 324 billion.

 

In the periodic follow-up report of the government's work program, which the Council submitted to Parliament, Tuesday, it said that the measures taken by the government contributed to reducing the impact of the slowdown in the rate of economic growth in light of the circumstances and crises, the most dangerous of which is the Corona crisis.

 

According to the Cabinet, some economic activities maintained positive growth rates despite the crisis, and about 7,320 projects were fully implemented, since the launch of the government program in July 2018 until the end of December 2019, with an investment cost of LE 591 billion.

 

The projects completed in the past 1.5 year cover 23 sectors in