Egypt increases investments with $634mln to create jobs

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The Egyptian government will increase its investments with an additional EGP 10 billion, as part of President Abdel Fattah el Sisi’s directives.

Egypt’s finance minister Mohamed Maait noted that this amount will contribute to creating new job vacancies, pay dues to contractors and suppliers, and improve the service provided to the citizens.

In addition, the government will provide EGP 2 billion until June to pay the arrears due to exporters of the Export Development Fund.

The exporters will receive their dues without the need to providing tax returns; however, this will be facilitated until coronavirus crisis is over.

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