10 January 2013

Egypt: Cabinet Targets Growth for Social Justice - Minister

Egypt's cabinet targets growth rates that achieve social justice and help with developing the country in a way that ensures benefiting the biggest number of citizens, Minister of Investment Osama Saleh said on Thursday.

The investment and employment initiative aims at developing the environment for investment and attracting Egyptian, Arab, and foreign capital as well as working on creating a fair distribution of investments in all governorates, Saleh said in a statement the Middle East News Agency (MENA) reported.

The initiative also targets pumping new investments into infrastructure and labour-intensive projects to help raise the quality of services provided to all citizens.

Around 40 percent of Egyptians live below poverty line with an income averaging two dollars a day per person.

Copyright © 2013 Aswat Masriya. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.