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Ministry of Planning demands investment concentration on citizens’ needs

Government should concentrate on pressing investment needs in the new investment plan, according to a report released by the Ministry of Planning.
08.09.11 | Source: Youm7

The government should concentrate on pressing investment needs in the new investment plan, according to a report released by the Ministry of Planning entitled “The General Economic Balance…the Whole Picture.”

The report also demanded an increase in the participation of the private sector in development efforts.
According to the report, industrial activities are expected to constitute 29 percent of investment goals, while transportation, real estate, and construction would constitute 14 percent.

Social and human development infrastructure, including information technology and communications, would compose 32 percent of investment goals.

The report said local production should aim to increase by 197 billion EGP (U.S. $32.9 billion), pointing to the strong direct relationship between investment and growth rates.

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