Egypt Invests Over $550 Billion in Largest Urban Development Program in History

Egypt has implemented its largest-ever urban development and infrastructure program, with investments exceeding $550 billion over the past decade, according to Minister of Investment and Foreign Trade Hassan El-Khatib.

Speaking at the Egyptian–Kyrgyz Business Forum, El-Khatib said the investments established a strong production base and integrated infrastructure that continue to attract global investors. The projects have driven major progress in transportation, energy, water, and new cities.

Flagship developments such as the New Administrative Capital, New Alamein City, and New Al Galala City now stand as models of sustainable growth. The program also expanded energy generation and desalination capacity, securing an energy surplus.

El-Khatib added that Egypt’s shift to an inflation-targeting monetary policy reduced inflation from 33.3% in March 2024 to 11.6% by June 2025, while foreign reserves rose to $49 billion and remittances climbed to $36.5 billion.

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