Egypt’s planning ministry releases ‘Citizen Investment Plan’ of Kafr El-Sheikh in FY2020/21

Egypt’s planning ministry releases ‘Citizen Investment Plan’ of Kafr El-Sheikh in FY2020/21

FILE - Farmer in Kafr El Sheikh - Egypt Today/Hussein Talal







CAIRO - 22 February 2021: The Ministry of Planning and Economic Development announced the features of the "Citizen Investment Plan" in the Kafr El-Sheikh governorate for the fiscal year 20/2021.

 

Minister of Planning and Economic Development Hala El-Said stated that 353 projects are being implemented in the governorate, and that the value of public investments directed to the governorate in  FY20/2021 is LE 3.2 billion, an increase of 23% over the plan for the year 2019/2020 representing 1, 2% of public investment distributed.

 

El-Said pointed out that the rate of growth in investments financed by the public treasury and directed to Kafr El-Sheikh governorate reaches 10%.

 

About the sectoral distribution of public, El-Said clarified directing investments worth LE 961.4 million to the housing sector (39.8% of the budget allocated to the governorate), and LE560 million to the