Egypt allocates 92.4 Billion EGP in public investments for Upper Egypt.

Advice, information and discussion about Egypt in general.

Moderators: DJKeefy, 4u Network

Post Reply
User avatar
DJKeefy
Site Administrator
Site Administrator
Posts: 11025
Joined: Thu Jan 13, 2005 4:08 pm
Location: UK
Has thanked: 652 times
Been thanked: 1222 times
Gender:
Contact:
Egypt

Egypt allocates 92.4 Billion EGP in public investments for Upper Egypt.

Post by DJKeefy »

Egypt has allocated EGP 92.4 billion in public investments for the development of Upper Egypt in the current FY2021/2022, out of 1.25 trillion for the country’s total investments, Minister of Planning and Economic Development Hala El-Said said

Of these investments, EGP 51 billion (55.2 percent) is allocated for the southern part of Upper Egypt, 22.1 billion (23.9 percent) for the central part, and 19.3 billion (20.9 percent) for the northern part, El-Said said in a statement issued by the ministry on Saturday after she reviewed a report on Upper Egypt development goals.
ancient-Egypt-map-1-2.jpg
The allocations are set to finance a number of projects in the region, covering sanitation, transport, stockpiling, health, petroleum, services, and power sectors.

The minister noted that the FY2021/2022’s public investment plan attaches special importance to achieving policies and programmes that aim to narrow the gaps in income levels and handle the current developmental gaps across the country.

In July, Egypt announced its FY2021/22 budget of EGP 2.6 trillion, the biggest in country’s history, up from EGP 2.2 trillion in FY2020/21.

The new budget took into account the expectations that Egypt will restore its pre-pandemic growth and macroeconomic performance levels after the notable slowdown the country’s economy has witnessed during the current FY2020/21.

Egypt seeks to increase its real GDP growth to reach 5.4 percent in the current FY2021/22 in light of the gradual recovery of Egypt’s economy from the COVID-19 pandemic and its associated severe socio-economic impacts.

To reach that, the government targets the implementation of new policies that aim to catalyze economic and productive activities that back real GDP growth, especially in manufacturing and export sectors.

Source: https://english.ahram.org.eg/News/438222.aspx
You do not have the required permissions to view the files attached to this post.


Image
Post Reply
  • Similar Topics
    Replies
    Views
    Last post
  • UAE allocates 4 billion dollars to Egypt
    by DJKeefy » » in News and Sport
    1 Replies
    793 Views
    Last post by Hafiz
  • EU allocates millions to improve Egypt's water
    by DJKeefy » » in Know Egypt
    1 Replies
    420 Views
    Last post by Who2
  • US$45 billion for Egypt's New Capital
    by newcastle » » in News and Sport
    5 Replies
    1422 Views
    Last post by newcastle
  • Egypt Confident About $23 Billion Debt Inflows
    by Winged Isis » » in News and Sport
    11 Replies
    1119 Views
    Last post by Hafiz
  • Egypt unveils $4.9 billion stimulus package
    by DJKeefy » » in Know Egypt
    13 Replies
    7822 Views
    Last post by Hafiz