PHOTO
The investments were focused on the sectors of education, health, transport, housing, telecommunications, irrigations, industrial, and local development.
The government targets to raise its investments in various service and development sectors by 50% YoY in this fiscal year, the statement highlighted.
The water and sewage projects are allocated EGP 18 billion in FY 2020/2021, representing 10% of the total planned investments, it added.
Egypt’s state budget for FY 2020/2021 is the largest in the country’s history at EGP 2.2 trillion.
Planning minister Hala el Said announced that this year’s plan includes the implementation of 691 green projects at a total cost of EGP 447.3 billion.
Copyright © 2020 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).