Ministry of Planning and Economic Development

Egypt sees increase in private investment in Q1 2023/2024, reaching EGP 154B

Wed, 03 Apr 2024 - 02:16 GMT

The implementation of an enhanced accounting methodology has yielded valuable insights into the volume and sectorial distribution of private investment, aligning with the government's objective of creating a realistic investment map

El-Sisi's latest directive focuses on enhancing investments in Egypt's human resources

Wed, 13 Mar 2024 - 12:41 GMT

El-Sisi pointed to the importance of ensuring that investments are channeled in a manner that maximizes benefits for the citizens

Egypt aims for $83.3B investments in communications & IT sector by 2023/2024

Tue, 12 Mar 2024 - 03:00 GMT

The sector's investments account for 5% of the total investments in the plan, with the private sector playing a crucial role in driving growth

Egypt inks 7 agreements with $40 bln investments in hydrogen projects

Wed, 28 Feb 2024 - 05:03 GMT

The agreements include investments of $12 billion for the pilot phase and approximately $29 billion for the first phase

Egypt targets LE 600B from private investments in FY23/24: Planning Ministry

Tue, 27 Feb 2024 - 02:22 GMT

In the previous fiscal year, FY22/23, Egypt anticipated a growth of around 31 percent in private investments, while the actual growth rate achieved in FY21/22 was 29 percent.

Egypt to receive final bids to acquire Wataniya within 48 hours

Tue, 06 Feb 2024 - 01:49 GMT

Taqa Arabia, Abu Dhabi National Oil Company (ADONC), Emirates National Oil Company (ENOC), and Petromin are currently competing for the acquisition of shares in Wataniya

Economic growth shrinks to 2.65% in Q1 of FY23/24: Planning Ministry

Tue, 16 Jan 2024 - 11:31 GMT

The latest data reveals a slowdown compared to the 2.9 percent growth witnessed in the fourth quarter of the fiscal year 2022/2023.

Egypt's unemployment rate slightly rises to 7.1% in 2023: CAPMAS

Thu, 16 Nov 2023 - 02:13 GMT

CAPMAS further disclosed that the labor force in Egypt grew during the third quarter, with a total of 31.956 million individuals actively participating in the workforce.

Standard Chartered Bank to launch local operations by end of 2023

Thu, 09 Nov 2023 - 01:41 GMT

MPED minister El-Said met with the bank’s executive team on Wednesday, reviewing several economic development files such as the National Program for Economic Reforms

Egypt’s real growth rate for FY2022/2023 recorded at 3.8%, Planning Minister

Thu, 02 Nov 2023 - 06:58 GMT

The government’s target for the next fiscal year (FY2023/2024) is set at 4.2 percent, she stated during a cabinet meeting chaired by the Prime Minister on Thursday

Egypt, Japan explore investment opportunities

Mon, 23 Oct 2023 - 11:32 GMT

Minister of Planning and Economic Development, Hala El Said met with a delegation of Japanese investors led by Kanazawa Yukio, the owner of Titan Capital and Mizuha Company.

Planning Minister shares updates on sales of Safi, Jabal El Zeit, and Wataniya

Wed, 18 Oct 2023 - 10:44 GMT

The minister spoke to media on the sidelines of yesterday’s Egypt – OECD Country Program conference, disclosing new details on the progress of the sales of Wataniya Petroleum, Jabal El-Zeit, and Safi

Social Safety Nets Strengthened: Egypt increases support for rural development, poverty alleviation

Mon, 16 Oct 2023 - 06:32 GMT

Egypt's commitment to inclusive development continues to grow as it expands the Takaful and Karama program.

Ministry of Planning releases data of medium-term plan spanning 2023/2026

Sun, 10 Sep 2023 - 03:51 GMT

The ministry's report outlines foundational principles guiding development directions, priorities, and policies in line with Egypt's Vision 2030 and its overarching goals and development strategy

Planning Minister announces details for 3 deals under Egypt’s IPO program worth $1.7B

Wed, 12 Jul 2023 - 03:56 GMT

The Planning Minister stated that these deals will encourage tourism, which is within the goal of attracting 30 million tourists annually, increase revenues in foreign currency and boosting the private sector's activities.

Planning Ministry allocates direct investments of LE 83.4B into telecom and IT sector

Sun, 04 Jun 2023 - 04:44 GMT

El Said stated that the plan is focusing on the telecommunications and information technology sector considering its importance and contribution to Egypt’s economy.

Private sector to launch green bonds worth $200M: Planning Minister

Tue, 09 May 2023 - 03:16 GMT

The planning minister stressed that the private sector plays a decisive role in supporting the development of a comprehensive and resilient green economy

Egypt’s investment plan for FY23/24 focuses on human development and private sector: Planning Ministry

Tue, 09 May 2023 - 01:01 GMT

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.