EGP 2 tln divided equally between public and private investments planned for FY2024/2025

Al-Mashat made her remarks in a meeting with Prime Minister Mostafa Madbouly on Thursday to discuss the executive plan for governing investment spending and increasing private sector investments.

She also pointed out that private investments represent 49.7 percent of the total net investments for FY2024/2025, indicating that the government is moving forward with enhancing the private sector’s contribution to economic activity and growth.  

Boosting the private sector aligns with the guidelines of Egypt’s $8 billion loan with the International Monetary Fund (IMF).

During the meeting, Madbouly emphasized the importance of committing to the EGP 1 trillion ceiling for public investments. 

Al-Mashat affirmed to Madbouly that the Ministry of Planning and International Cooperation has begun to take all the measures necessary for governing public spending, in conformity with the ceiling set by the government for public investments, and increasing private sector investments.  

Moreover, she said the ministry cooperates with several parties to reduce public investments and reconsider projects in terms of priority, with preference given to projects with implementation rates exceeding 70 percent.