Egypt's Public Investments Grew by 535% in Past Six Years
The volume of public investments for 2021-2022 increased to USD 59 billion, with a growth rate of 46% compared to 2020-2021.
Public investment in Egypt has grown by 535% over the past six years, a reflection of the government’s efforts to boost the economy by attracting foreign investors through ambitious development projects. The volume of public investments for 2021-2022 increased to USD 59 billion, with a growth rate of 46% compared to 2020-2021.
From 2014 to 2022, public investments totalled to USD 230 billion, with this year’s per capita share witnessing a 44% increase compared to 2020-2021, and a 440% increase compared to 2014-2015.
Despite Egypt’s gradual bounce back with an expected growth rate of 5.9% in 2021, the effects of the COVID-19 pandemic are still being felt across supply chains worldwide, exacerbated by the emergence of new variants.
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