The annual report of the Egyptian Businessmen's Association has revealed that the total size of investments by the private sector during the past three years in Egypt reached LE461.8 billion (US$60 billion).
The size of local investments stood at LE265.09 billion by the end of the year 2014/2015, with an increase equal to LE23 billion (9.7 percent) compared to 2013/2014.
The local investments carried out by the private sector increased by 13.2 percent, standing at LE164.9 billion, while local investments carried out by the government rose by 4.4 percent to stand at LE100 billion.
The private sector implemeted 62.2 percent of the total local investments by the end of 2014/2015, according to the report.
The manufacturing industry sector attracted the majority of local investments at LE41.6 billion, a ratio equal to 15.7 percent. Local sector investments in the manufacturing industry were equal to 85.2 percent. The second most attractive sector was the extractive industry with LE39.5 percent, equal to 14.9 percent of the total local investments.
The private sector's share in extractive industry investments amounted to 95.1 percent, according to the report.
Edited translation from Al-Masry Al-Youm