Gov’t investments to Upper Egypt within 3 years hit LE 104B

SourceEgypt Today
SectorEconomy
CountryEgypt

FILE - Planning Minister Hala el-Saeed CAIRO – 8 February 2021: Volume of government investments directed to the governorates of Upper Egypt during (2018/2019 and 2020/2021) amounted to about LE 104 billion, with a growth rate of about 27 percent, compared to the three previous years, Minister of Planning Hala el-Saeed stated.   Saeed added in a statement before the Egyptian Parliament, Monday, that recent years have witnessed an increase in public investment per capita by about 265 percent compared to 2014/2015, and the years from 2017/2018 to 2020/2021 have witnessed a remarkable development in the per capita share of local administration investments, an increase of 195 percent.   She indicated that the Egyptian economy achieved a growth rate of 5.6 percent in the first half of the year 2019/2020, before the impact of the repercussions of the coronavirus, and despite the crisis, the Egyptian economy achieved a ...read more...