In a statement by the Finance Ministry, Maait said economic bodies, totaling 57, are the pillars of economic activities in Egypt and they contribute to improving business climate in a way that serves national economy.

Thanks to the projects the country is now carrying out, Egypt became among the four countries that managed to achieve positive economic growth despite coronavirus pandemic, he added.

These economic bodies contribute LE 176.9 billion to the State treasury in terms of taxes and duties, he added.

He said financial allocations to public investments in the new budget grew by 27.6% to hit LE 358.1 billion  to guarantee better services to citizens.