Cairo – Mubasher: President Abdel Fattah El-Sisi announced launching major projects over the next period, including tourism projects, according to a statement by the Egyptian Presidency.
Tourism communities will be established at the highest international standards along the Mediterranean Sea, as well as the Red Sea, El-Sisi said in his speech at the BRICS summit.
The Egyptian President attributed the overall improvement of the Egyptian economy’s performance to the approved economic reforms, in addition to following a plan that represents Egypt’s strategy until 2030, as the economy grew 4.3% in July 2017.
Egypt’s foreign exchange reserves reached $36 billion, he highlighted, pointing out that the government is working on controlling and reducing inflation rates to a single-digit, in line with lowering the budget deficit to below 10% of the gross national product (GNP).
