The Ministry of Planning and Finance (MOPF) will establish an Investment Promotion Committee (IPC), which, in turn, will set up separate task forces to carry out each of the strategies. The IPC will be chaired by the MIC. Under the new plan, public investments are expected to expand from US$5.6 billion between 2016 and 2022 to US$43.2 billion by 2031-2036. Meanwhile, private investments should swell from US$8.1 billion to around US$25 billion over the same period.