Egypt expects 7.5% growth rate over 3 years
- Egypt: Tuesday, September 18 - 2012 at 12:50
Egypt's finance minister, Momtaz El-Said has said the country's economy could reach a growth rate of 7.5% during the coming three years in addition to creating 750,000 new job opportunities, Ahram has reported. The anticipated growth rate will be achieved through the Public-Private Partnership (PPP), as the government eyes pushing up the volume of investments to EGP276bn ($46bn) by the end of 2012, said El-Said. There are 15 proposed projects under PPP's system worth $8.3bn, with the first phase to immediately witness the implementation of six to eight projects, while the rest will be see the light at a later stage, he said.
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