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FINANCIAL NEWS
Egyptian investment projects cost $3.2 bn
29 Aug 2013
(MENAFN) Egypt’s Deputy Prime Minister Ziad Bahaa El Din stated that the Egyptian cabinet approved a spending on investment projects of about USD3.2 billion to support the economic growth in the following 10 months, reported Gulf Daily News.
The government’s labor-intensive projects will be shown to the GCC countries, especially the UAE.
The government planned to decrease the budget deficit 9 percent of gross domestic product by the end of June 2014, down from 14 percent.
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