Minister cites quick implementation rate of government-owned investment projects

Planning and Administrative Reform Minister Ashraf el Arabi cited on Sunday a quick implementation rate of government-owned investment projects during the first half of 2015/2016, compared to the corresponding period of 2014.

Arabi told MENA that the investments of the private sector are going on as scheduled and were not affected by any negative events.

The private investments are centered on the construction, energy, natural gas, petroleum and electricity domains, he added.

The State plan aims at increasing growth rate during the current fiscal year to 5.5%, likely to be increased or lowered according to circumstances, he said.