Egypt allocated EGP 104 bln in public investments to Upper Egypt over three fiscal years: Planning minister

Egypt allocated EGP 104 bln in public investments to Upper Egypt over three fiscal years: Planning minister

Public investments directed to Upper Egypt during FY2018/2019 through FY2020 / 2021 amounted to EGP 104 billion, with a growth rate of about 27 percent, compared to the three previous years, Minister of Planning and Economic Development Hala El-Said announced on Thursday.

The figures came within the Citizen Investment Plan report issued by the planning ministry that focuses on citizens' investment plans for the current FY2020/21 in Upper Egypt governorates.

The report showed that the number of development projects in Assiut reached 392 projects and that the value of public investments directed to the governorate in the 2020/21 plan amounts to EGP 7.1 billion, an increase of 16 percent from the 2019/20 plan.

The report indicated that the number of development projects in Luxor is 174 projects, and the value of public investments directed to the governorate in FY2020/21 plan is EGP 2.6 billion, an increase of 45.2 percent over the FY2019/20 plan.

For Fayoum, the report said that the number of development projects there has reached 191 projects, with a total of EGP 2.9 billion in public investments allocated in the FY2020/21 plan, an increase of 38 percent over the 2019/20 plan.

In Minya, the number of development