Egypt has spent LE180B on Sinai development in 6 yrs, peninsula awaits bright future

  • Date: 05-Oct-2020
  • Source: Egypt Today
  • Sector:Real Estate
  • Country:Egypt
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Egypt has spent LE180B on Sinai development in 6 yrs, peninsula awaits bright future

CAIRO - 5 October 2020: The state has spent around L.E.180 billion on the development of Sinai over six years, head of the Central Agency for Reconstruction told the Egyptian T.V. Monday.

 

Ahead of the 6 October war anniverssary, which marks Egypt's military action to restore the Sinai Peninsula from a six-year Israeli occupation, head of the agency Mahmoud Nassar said that Sinai did not witness such efforts for decades. 

 

The Central Agency for Reconstruction alone has contributed L.E. 18 billion from, making up 10 percent of the mentioned figure from one state institution.

 

The agency has contributed to 263 projects in Sinai at L.E.13 billion investments in all fields. 

 

He highlighted the newly