Minister of Planning: Egypt Aims to Invest EGP 1.4Trillion, Achieve Growth Rate of 5.5%

Today, Saturay, the Ministry of Planning and Economic Development issued a report on the economic and social development plan for the fiscal year (23/2022), as part of its annual report series reviewing the economic and social development plan for the fiscal year.

Dr.Hala Al-Saeed, Minister of Planning and Economic Development, said that the pre-preparation of the plan document for the year 22/2023 was carried out over a period of six months, which included the last quarter of 2021 and the first quarter of 2022.

Al-Saeed stated, in a press statement, today, Friday, that the plan targets an economic growth rate of 5.5% and estimated investments exceed one trillion pounds, to record about 1.4 trillion pounds, compared to expected investments for the year 21/2022 amounting to 1.2 trillion pounds, with a growth rate of about 16.7%. It is estimated that the gross domestic product in the year of the plan will reach about 9.22 trillion pounds at current prices.