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FINANCIAL NEWS
Egypt to invest USD 20bn for its 2030 vision implementation
23 May 2016
(MENAFN) The government plans to attract investments value USD 20bn in order to apply the country’s 2030 vision, like increasing GDP to 7 percent.
Furthermore, the government’s plan aims to depend basically on the private sector in terms of funding infrastructure investments.
Additionally, the method used to stimulate investment in the private sector involves establishing the sovereign fund “Amlak”, with a capital of USD 5bn.
Meanwhile, these investments will come from Saudi Arabia, the UAE, and Bahrain, Kuwait and the US as well as the regional market.
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