12 Hrs
Source:
المصري اليوم
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Source: المصري اليوم
12 Hrsالمصري اليوم
Source: المصري اليوم
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The state is making use of a plot of land it owns in the Red Sea Governorate, covering approximately 26,690 feddans, by offering it on a usufruct basis or developing investment projects in partnership with the private sector, with the possibility of offsetting part of the investment value against outstanding debts. According to the Ministry of Finance, proceeds from these investments will be directed toward reducing government debt and servicing the debt, as part of a plan to develop the area and attract new investment. The ministry added that government debt fell from 96% to 81.9% of GDP over three years, while the primary budget surplus for 2025/2026 stood at around 4.9% of GDP.
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