CAIRO - 09 May 2023: Egypt’s investment plan for the fiscal year 2023/2024 will focus on two main elements: human development and stimulating the private sector, Ahmed Kamali, Deputy Minister of Planning and Economic Development, revealed.
Kamali reviewed the features of the economic and social development plan FY23/24, and the integrated electronic system created to preparation and follow-up on the investment plan.
The deputy minister also stated that an indicator of human development has been prepared on the governorate level in the draft plan for the next fiscal year for the first time ever.
Kamali explained that the ministry took into account the state ownership policy document when preparing the plan for the next fiscal year, highlighting mechanisms to stimulate the private sector and accelerating the IPO program aiming for the share of the private sector to be more than 50 percent of the offered companies, highlighting that the main engine of economic growth is investment.
He also added that human development is the main engine of growth, and this is consistent with Egypt's Vision 2030 and the United Nations Sustainable Development Goals (SDGs).
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