EGP300bn investments, 2014 plan for Egypt

Minister of Planning and International Cooperation Ashraf el-Arabi said the total volume of investments in the public and private sectors will reach nearly EGP 300 billion in the coming year plan (2013-2014). In statements to MENA on Tuesday, the minister said according to the plan - to be finalized in 10 days - the output investment ratio will reach 16 percent and the growth rate will reach 4 percent. The 2013-2014 economic development plan covers five main issues; achieving growth and competitiveness, fighting corruption, achieving social justice, place development and following up and evaluating economic plans.