Government invests $10bln in Upper Egypt: Minister
The state investments for Upper Egypt accounted for 20% of the total government allotment pumped since 2015
Image used for illustrative purpose. Cairo Skyline along Nile River. The bridge, the Nile river & the Corniche Street in central Cairo.
By Staff Writer, Arab Finance
ArabFinance: The Egyptian government invested EGP 160 billion to develop Upper Egypt governorates over the past five years, Minister of Planning and Economic Development Hala el Said announced on September 21st.
The state investments for Upper Egypt accounted for 20% of the total government allotment pumped since 2015, El Said noted.
She elaborated that EGP 41 billion of the total amount has been directed to Sohag and Qena, as they combined represent 10% of Egypt’s total population.
El Said revealed last June that the government allocated EGP 47 billion to develop cities in Upper Egypt during the current fiscal year.
President Abdel Fattah el Sisi has ordered to earmark EGP 50 million from Tahya Misr Fund for Upper Egypt.
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