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Egyptian economy sees ongoing tangible improvement

The Egyptian cabinet reviewed recently a report prepared by the Information and Decision Support Centre, which showed a continuous tangible improvement in the Egyptian economy.

The report expected a growth rate of at least 5.5 percent in the coming few years, as the country fundamentals and business climate witness a constant improvement.

It clarified that the government spending on infrastructure, and public services, as well as gas and oil excavations are the key driver for the country’s economic growth.

Egypt’s Prime Minister Mostafa Madbouli cited the international reports that praised the Egyptian economy.