IDSC Anticipates Increase In Investment Rate in Egypt by 15.2%

A new estimate by IDSC anticipated that the investment rate in Egypt will increase by 15.2%, with public investments constituting 78% of the total investments.

Despite the fact that the Egyptian and the global economy as well have been impacted by the repercussions of the Russia-Ukraine crisis, investment efforts and major plans of action taken by the Egyptian Cabinet are still ongoing, the IDSC report noted.

According to the latest report, the new FY 2022/2023 plan targets several sectors and services, such as the establishment and development of 94 hospitals and 448 health units within the Universal Health Insurance system.

In addition, the report noted that the government proposes improvements for the implementation of 45 projects for national and strategic roads, the establishment of 115 sewage treatment plants, and the establishment of 27 water desalination plants.

Moreover, the prospective projects in the infrastructure sector include the rehabilitation and lining of 6000 km of canals, the electrification of 1,000 km of railway signals, and the completion of 47 stations within the express train project.