CAIRO, Sept 15 (Reuters) - Egypt expects its economy to grow by an annual rate of 8% by 2022, Prime Minister Mostafa Madbouly said on Sunday.
“The Egyptian government expects growth to gradually pick up to 8 percent by 2022,” Madbouly told a meeting of Arab central bank governors.
In July, Madbouly said gross domestic product (GDP) grew 5.6% in the 2018/19 fiscal year.
Barring the oil industry, Egypt’s economy has struggled to attract foreign investors since the 2011 uprising that ended Hosni Mubarak’s 30-year rule. (Reporting by Patrick Werr Writing by Ulf Laessing; Editing by Toby Chopra)