Egypt will offer $40 billion in assets to the private sector over four years, representing $10 billion per year, the Egyptian Prime Minister, Mostafa Madbouly, said.
This announcement was made during Madbouly’s meeting with a number of representatives from major global investment funds to highlight investment opportunities in the Egyptian market.
The Egyptian Prime Minister confirmed that the government is adopting new policies to raise the private sector’s contribution to the total investments in Egypt from 30% to 65% during the next three years.
These policies are part of the country’s efforts to record a growth rate between 6% and 7% during the upcoming five years.
Madbouly added that the current fiscal year is expected to register a growth rate of more than 6%.
