Egypt's total investments hit LE 1.6 trillion with 98.5% implementation rate

Total investments in Egypt reached LE 1.6 trillion during the fiscal year, with an implementation rate of over 98.5 percent, Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, reported in a session with the Budget and Planning Committee. The private sector contributed LE 700 billion, accounting for 43 percent of the total investments and reflecting a 5.3 percent growth compared to the previous year. Public investments dropped to 57 percent as part of the strategy to encourage private sector participation in line with the State Ownership Policy Document.

Al-Mashat highlighted significant investments in social development, including LE 11.5 billion for the construction and renovation of 23 hospitals and health centers, and the building or renovation of 8,000 classrooms and 10 technical schools. The fiscal year saw slower economic growth of 2.4 percent, down from 3.8 percent the previous year, due to global challenges and domestic policies aimed at stabilizing the economy.

The National Housing Project received LE 28 billion, delivering 69,000 housing units for 350,000 citizens. The government also prioritized water and sanitation projects, completing 57 initiatives to improve access across the country. Renewable energy projects added 252 MW from wind and 200 MW from solar to the national grid. The transportation sector, including rail and metro expansions, increased passenger capacity by 71 percent over the past decade.

The Hayah Karima rural development initiative reached 18 million people in 1,500 villages, completing 23,000 projects in infrastructure, education, and healthcare. Inflation peaked at 40.3 percent in September 2023 but declined to 34.1 percent by the fiscal year’s end, supported by flexible exchange rate policies. Upper Egypt received 35 percent of local development investments, underlining the government's commitment to balanced regional development.

Al-Mashat concluded by reaffirming the government’s commitment to sustainable economic recovery, emphasizing the importance of private sector growth and public service delivery as key components of Egypt’s Vision 2030.