{"id":268444,"date":"2020-02-28T16:13:07","date_gmt":"2020-02-28T19:13:07","guid":{"rendered":"https:\/\/anba.com.br\/?p=268444"},"modified":"2020-02-28T16:56:08","modified_gmt":"2020-02-28T19:56:08","slug":"industrial-investment-up-22-in-egypt","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/industrial-investment-up-22-in-egypt\/","title":{"rendered":"Industrial investment up 22% in Egypt"},"content":{"rendered":"<p>S\u00e3o Paulo \u2013 Investment in industry was up 22% to EGP 99.5 billion (USD 6.3 billion) in the 2018\/2019 fiscal year in Egypt, <em>Al Ahram<\/em> reported quoting minister of Planning and Economic Development Hala El-Saeed. The fiscal year in Egypt runs from July to June.<\/p>\n<p>In 2017\/2018, industrial investment had come out to EGP 81 billion (USD 5.1 billion). During a meeting with members of the Egyptian Parliament&#8217;s Industry Committee, the minister said petroleum industry investment was up 95% in 2018\/2019.<\/p>\n<p>El-Saeed said petroleum, tourism, construction, real estate, agriculture, transport, logistics, and the Suez Canal were among key drivers of growth in the past fiscal year. El-Saeed said her Ministry is intent on fostering investment in manufacturing, and that the administration is focused on growing high value-added segments.<\/p>\n<p>One target for the ongoing 2019\/2020 fiscal year is to achieve 6% growth, and industry is expected to be one of the key drivers. Other targets include a narrower debt-to-GDP ratio and budget deficit, as well as jobs creation.<\/p>\n<p><strong>Translated by Gabriel Pomerancblum<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-200021\">Mohamed El-Shahed\/AFP<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Such was the hike in 2018\/2019 from the preceding fiscal year, driven by the petroleum industry. The administration expects industry to be a major driver of GDP growth this year.<\/p>\n","protected":false},"author":2316,"featured_media":200021,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91,114],"tags":[9803,14104,9590,14087,10014,3535],"class_list":{"0":"post-268444","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"category-news","9":"tag-egypt-en","10":"tag-hala-el-saeed-en","11":"tag-industry-en","12":"tag-investimentos-egito","13":"tag-investment-en","14":"tag-petroleum"},"wps_subtitle":"Such was the hike in 2018\/2019 from the preceding fiscal year, driven by the petroleum industry. The administration expects industry to be a major driver of GDP growth this year. ","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/268444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=268444"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/268444\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/200021"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=268444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=268444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=268444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}