Local economy

Planning Minister: Egypt Targets 5.4% Economic Growth Next Year

Ahmed Rostom, minister of planning and economic development, outlined projections for Egypt’s economic growth in the coming period, saying the government is targeting growth of between 5.2% and 5.4% in the next fiscal year by empowering the private sector, improving the investment climate and strengthening the economy’s ability to create jobs. He made the remarks during an expanded meeting with representatives of international credit rating agency Standard & Poor’s, attended by several international institutions.

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Planning Minister: Egypt Targets 5.4% Economic Growth Next Year

Ahmed Rostom, minister of planning and economic development, said Egypt is targeting economic growth of between 5.2% and 5.4% in the next fiscal year, supported by private-sector empowerment, an improved investment climate and greater capacity for the economy to create jobs.

Empowering the private sector and improving investment

The minister linked the targeted growth rate to expanding the role of the private sector and improving the investment climate, while also increasing the Egyptian economy’s ability to generate jobs.

Meeting with Standard & Poor’s

The minister made the remarks during an expanded meeting with representatives of international credit rating agency Standard & Poor’s, attended by a number of international institutions.

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