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Economic growth in Egypt 2.5%
Egypt, Economics, 6/7/2003
Egypt's Minister of Planning, Osman Mohamed Osman, said that the Egyptian economy has achieved a growth of 2.3% during the period of January-March 2003. Thus, the growth rate amounts to 2.5% during the first nine months of the plan 2002/2003.
Investments during the same period reached LE. 16 billion, 50% of which came through the private sector.
The Minister added that the results of the 2002/2003 development plan during the first nine months, specially January-March 2003, reflected the state of instability on the international economy due to war in Iraq. The Ministers statements came during a press conference on the evaluation of the 2002/2003 development plan.
The government was keen on executing the development projects in infrastructure including retable water, sanitary drainage and electricity.
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