Business

Sisi: Egypt targets 6% growth over 5 years, 10% unemployment

Egypt is targeting economic growth of 6 percent over the next five years, and decrease in the unemployment rate to 10 percent over the same period, President Abdel Fattah el-Sisi told an investment summit in the Red Sea resort of Sharm El-Sheikh on Friday.

GDP is expected to grow by 4 percent in the fiscal year ending in June, up from 2.2 percent last year, officials say. Unemployment is currently around 13 percent.

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