Mubarak: economic growth rate of more than 6% is our challenge
Egypt, Economics, 6/23/2005

President Mubarak said that the state will continue to maintain its role in drawing up policies, monitoring markets and providing the climate necessary for enhancing private investments.

Moreover, he said that the state will never abandon its role in taking care of the limited income brackets and improving their standard of living.

President Mubarak,addressing business men and investors in the 6th of October City, noted that Egypt should go for realizing remarkable progress in all domains in a bid to cope up with the current challenges.

In his speech in the Six of October's industrial zone, Mubarak noted that the major challenge is realizing higher growth rates that exceed 6 percent annually as of next year.

Attaining these higher rates will allow more jobs for the young people and curb unemployment, said the President.

To realize higher of economic growth, President Mubarak said two prop should be available.

First, private sector investments should increase, especially in the industrial domain.

Second, more measures should be taken to encourage the private sector to be more involved in the Egyptian economy, added the President.

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