28/08/2022
The government confirmed that the work on preparing maps of investment opportunities available in all economic sectors in various areas of intensification of promotion for joint projects, and preparation of initial and complete feasibility studies for priority projects to be marketed and presented to investors.
These mechanisms are part of an integrated package aimed at the government in the framework of its keenness to raise investment rates to the levels executive and legally mentioned, and received the document of the Economic and Social Development Plan for the New Fiscal Year 2022/2023 submitted by the Minister of Planning Dr. Hala Al-Saeed was approved by the parliament in his chamber (Parliament, Senators).
The measures come amid the investment boom targeted by the New Economic and Social Development Plan for the 2022/2023 Fiscal Year for the second year in a row – estimated investments surpass £1 trillion, to record around £1.45 trillion compared with investments 21/22 projected £1.24 trillion, growth of up to 17%.
This investment boom is primarily manifested in national projects aimed at creating and expanding them through investments of public economic bodies, especially in the fields of energy, land reclamation, water development and rationalization of their use, Egyptian countryside development, and projects Housing, construction, and education and health services development programs, according to Planning Minister Dr. Hala Al-Saeed.
According to the Economic and Social Development Plan for the new financial year 2023/2020, economic activities are divided into three major groups, the first group comprising commodity activities comprising primary and secondary sectors, while the second group comprising the production services sectors Yes, group three includes social services and human development sectors.
An analysis of the sectoral distribution data of the plan's total investments, productive service sectors are expected to recession at about 41.3% compared to the lowest 35.8% in the previous year, owing to the huge investments directed to national projects related to the development and modernization of facilities. Water and infrastructure of total investments, noting quasi-conversive importance to social services sectors (30.8%) and Commodity activities (27.9%).