Private investment to lead Egypt economic growth in coming period

Private investment is expected to make up 60% of total economic growth in Egypt in FY2017-18, up from 48% in the last fiscal year,Planning Minister Hala El Said told Bloomberg in an interview. The figure is expected to rise further next year to a range of 62-65%, as private investment becomes a main driver of economic growth, El Said said, hinting that “investor confidence had rallied enough to supplant what has so far been an overwhelming reliance on government spending.”