Sisi: Egypt reaped profits worth LE 2 trillion from New Administrative Capital, new cities projects – Egypt Today

Sisi: Egypt reaped profits worth LE 2 trillion from New Administrative Capital, new cities projects – Egypt Today

CAIRO – 26 October 2022: Egypt’s President Abdel Fattah El-Sisi said the state has earned profits worth LE 2 trillion from the projects of establishing new cities, including the New Administrative Capital.

Based on the state’s development capacity in each city, the prices of land plots in this city increases, Sisi explained in TV remarks at Channel One late on Tuesday, shedding light on Egypt’s 40 new cities.

Sisi said the country seeks to increase the volume of industrial production in a way that enables reducing an annual cost of $30 billion worth of supplies.

The president said he would spare no effort to do the best for citizens. He shed light on the road projects in Egypt, hailing the country’s road network as "exceptional".

In this regard, Sisi said the state has added 17 kilometers to road networks since 2014, affirming that new roads are all highways. The state also established 1,000 bridges, he noted.

Improving education

In order for the state to improve education, it has to secure LE 250 billion, Sisi said, noting that the budget allocation for this sector does not include even half of this sum.

It should take long years of sincere work to overcome challenges facing Egypt, the president acknowledged.

Sisi