Egypt directs LE 4.2B investments to Damietta Governorate during 2020/21

Egypt directs LE 4.2B investments to Damietta Governorate during 2020/21

Ministry of Planning – Youtube







CAIRO – 11 January 2021: The Egyptian Ministry of Planning and Economic Development announced the features of the "Citizen Investment Plan" in Damietta Governorate for the current fiscal year 2020/2021.

 

The ministry added in a statement, Monday, that the number of development projects in the governorate reaches 226 projects, and that the value of public investments directed to Damietta governorate in the current fiscal year plan is LE 4.2 billion, with a 29 percent increase compared to the 2019/2020 plan, representing 1.6. percent of distributed public investment.

 

It also pointed out that the investments funded by the public treasury destined for Damietta Governorate increased by 31 percent.

 

As for the sectoral distribution of public investments targeted in Damietta governorate, the ministry said that investments worth LE 1.1 billion will be directed to the housing sector and slum development at a rate of 25.1