The government should concentration on pressing investment needs in the new investment plan, according to a report released by the Ministry of Planning entitled “The General Economic Balance…the Whole Picture.” The report also demanded an increase in the participation of the private sector in development efforts. According to the report, industrial activities are expected to constitute 29 percent of investment goals, while transportation, real estate, and construction would constitute 14 percent. Social and human development infrastructure, including information technology and communications, would compose 32 percent of investment goals. The report said local production should aim to increase by 197 billion EGP (U.S. $32.9 billion), pointing to the strong direct relationship between investment and growth rates. The plan for the 2011-2012 fiscal year aims to push the value of total investments up by 8 percent of the estimated 215.5 billion EGP (U.S. $36.06 billion) in investments made in 2010-2011. Although the investment rate does not exceed 15 percent of total production, the economic growth rate is expected to reach 3.2 percent.
