Egypt Plans For Huge Investments In Transportation

Giving More to Your Wealth
12 Sep 2021

The Minister of Planning & Economic Development revealed that investments in the transportation sector will reach EGP245bn in FY21/22. This represents a 104% increase from what was invested in FY20/21. The government is planning for the transportation sector to contribute 4.7% to Egypt’s GDP in FY21/22. This will be achieved through 3.8% growth in the sector in FY21/22.

One of the goals of these investments is to create networks that connect production centers with consumer markets. This should spur more economic activity, improve market efficiency, and ultimately lead to enhanced economic growth. Furthermore, investments in transportation can help leverage Egypt’s strategic geographic location, which is on major international shipping routes and central between Europe, Africa, and the Middle East. Not only will shipping activities and revenues be enhanced, but value can also be created through logistical activities and intermediary manufacturing industries, which would all benefit from improved transportation networks.

(Source: Ministry of Planning & Economic Development (English) (Arabic), Mubasher (English) (Arabic), Zawya (English), Daily News Egypt (English), al-Mal, Amwal al-Ghad, Economy Plus Me, al-Ahram, al-Youm al-Saabe, al-Watan)

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