Egypt spends LE1.7T on infrastructure, ministry highlights sectors

CAIRO – 6 April 2021: A report issued by the Ministry of Planning and Economic Development indicated that LE1.7 trillion ($106.25 million) were spent on infrastructure over the past six years.

Such expenditure was directed to the sectors of healthcare, medical equipment, constructions, urbanization, manufacturing, telecommunications and information technology, and digitalization.

The ministry pointed out that such public investments coupled with economic reforms made the Egyptian economy resilient in the face of COVID-19 crisis, and enabled Egypt to achieve GDP growth of 5.6 percent in FY2019/2020.