Egypt’s Ismailia receives LE7.2B worth of public investments in FY 2020/21

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Sun, 13 Dec 2020 - 12:49 GMT

FILE - Ismailia

FILE - Ismailia

CAIRO - 13 December 2020: The Ministry of Planning and Economic Development unveiled Saturday the features of the Citizen Investment Plan in Ismailia governorate in FY 2020/21 within the program taking place for the second year in a row.  

Minister of Planning and Economic Development Hala El-Said explained that the Citizen Investment Plan includes the most prominent features of the sustainable development plan for the fiscal year 2020/21 at the national level, and the most important economic indicators for each governorate represented in the gross domestic product, the real growth rate, the unemployment rate, and the number of employed.

El-Said added that the Citizen Plan is based on evidence-based planning by making use of databases and performance measurement indicators in all developmental areas in the 27 governorates of the Republic, in a way that ensures bridging development gaps between the different governorates.

Regarding the Citizen Investment Plan in Ismailia Governorate, El-Said noted that the number of development projects in the governorate amounts to 222 projects and that the value of public investments allocated to Ismailia Governorate in FY2020/21 is LE 7.2 billion, representing 2.8% of the public investment for the year.

About the sectorial distribution of public investments targeted in Ismailia Governorate in 2020/21, the minister pointed out to directing investments worth LE 4.7 billion to the Suez Canal by 66%, while the housing sector receives investments worth LE 903.3 million. The local development sector gets LE 351 million. That is 4.9% of public investment. That is in addition to directing LE 329.7 million to the health sector, composing 4.7% of the allocated budget, LE 271 million to the higher education sector, and LE 469 million for other sectors, at representing 3.9% and  6.5%, respectively.

The most important development goals in the housing sector in Ismailia Governorate in the 2020/21 plan are to direct about LE 569 million to drinking water and sanitation services, in addition to directing LE 228 million to develop unsafe markets and informal areas in the governorate. In the health sector, the most important development goals are to complete the construction and development of ten hospitals in Ismailia Governorate.

Regarding the local development sector, the plan aims to pave local roads at about LE 145 million, in addition to directing LE 147 million to support the needs of local units and improve the environment, LE 59 million to strengthen the electricity networks in the governorate, and LE 53 million to develop security, fire and traffic services in the governorate, while in the university education sector, the most important targets are to direct LE 59.5 million to develop health services in the university hospital.

The Citizen Investment Plan in the governorate included the development project for the Qantara West region, and the appropriations listed for the project in the 2020/21 plan amount to about LE 65 million. The project aims to provide services and facilities for the Qantara West region.

It is noteworthy that the launch of the Citizen Plan comes within the framework of the continuous keenness to link the planning process with Egypt's Vision 2030, the localization of sustainable development goals, and a continuation of the participatory approach adopted by the Ministry of Planning and Economic Development with all development partners, in a manner that establishes the principles of governance, accountability, and transparency of the development plan to the state.

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