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Asharq Al-Awsat
Asharq Al-Awsat
Business
Cairo - Asharq Al-Awsat

Egypt to Confront Global Economic Crisis with Ambitious Financial Goals

Mostafa Madbouly Egypt Cairo Ukraine India
Egyptian Prime Minister Mostafa Madbouly, speaks during a news conference to announce the Egyptian state's vision to deal with the global economic crisis at the headquarters of the Investment Authority in Cairo, Egypt May 15, 2022. (Reuters)

Cairo announced on Sunday a number of ambitious financial goals, in wake of successive global economic crises, the latest of which are the repercussions of the war on Ukraine that impacted most of Egypt’s economic sectors.

Prime Minister Mostafa Madbouly said he wanted private investment to rise to 65% of the country’s total within three years, up from around 30% at present.

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