Egypt’s government has allocated $300 billion toward infrastructure development over the last ten years, according to Hassan El Khatib, the county’s minister of Investment and Foreign Trade.
This announcement was made during a roundtable discussion with various Egyptian and international officials to address significant economic and investment issues.
In his remarks, the minister underscored the necessity of continuing infrastructure development efforts to reach an economic growth target of 6 to 7 percent.
He emphasized that collaboration between the public and private sectors is essential for achieving sustainable development. He also pointed out the importance of enhancing the investment climate by improving transparency and clarifying economic policies.
El Khatib noted that these efforts could help attract additional investments, particularly in the renewable energy sector.
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The Ministry of Investment reported that the meeting focused on the challenges and opportunities confronting emerging markets, particularly the global financial issues and their effects. It explored investment prospects in Egypt and other emerging markets, highlighting promising sectors for attracting foreign direct investment. Additionally, sustainable finance and renewable energy were discussed as essential components for Egypt’s sustainable economic development.
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