March 13, 2015 / 3:11 PM / 5 years ago

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

SHARM EL-SHEIKH (Reuters) - 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.

Writing by Shadi Bushra; Editing by Kevin Liffey

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