Upper Egypt’s Asyut receives public investments worth LE7.1B in FY 2020/21

SourceEgypt Today
SectorEconomy
CountryEgypt

A village in Upper Egypt's Asyut governorate - Wikimedia Commons CAIRO - 13 January 2021: Minister of Planning and Economic Development Hala El-Said has revealed that Asyut Governorate will receive LE 7.1 billion under the citizen's investment plan for fiscal year FY 2020/21.   El-Said said that the governorate has seen a total of 392 development projects, with the FY 2020/21 plan reflecting a 16% increase over the FY 2019/20 plan. The sum of public investments allocated to the Asyut Governorate represents 2.8% of the finance distributed under the citizen's investment plan.   The minister indicated that the distribution of public investments in Asyut Governorate under the FY 2020/21 plan includes: investments worth LE2.5 billion directed to the housing sector, or 34.5% of the financing; LE741 million directed to the oil sector, or 10.4% of the financing; LE841.2 million to the local development sector investments, or 11.8% of ...read more...