Wed, 30 Jun 2021 - 03:26 GMT
Wed, 30 Jun 2021 - 03:26 GMT
CAIRO – 30 June 2021: Minister of Planning and Economic Development Hala El-Said stated Wednesday that LE 4.4 trillion ($255 billion) have been invested in national projects carried out between July 2014 and June 2021.
El-Said added that during the period between July 2014 and June 2020, projects worth LE 2.4 trillion were completed in 22 sectors across Egypt. That was in addition to the investment plan of FY2020/21, consisting of public investments whose total value exceed LE 2 trillion.
The outcome of such investments has been embodied in the improvement of Egypt's ranking in international competitiveness indicators.
The minister indicated that the petroleum and mineral wealth sector topped the sectors in 2014-2020, in terms of the total cost of implemented projects, so as the investments it received amount to LE1.2 trillion.
The most important of these projects is the Zohr field development project, with a production capacity of 2.7 billion cbm/day, in addition to the development of the northern fields Alexandria and West Nile Delta (the second phase of the Giza and Fayoum fields). The latter project has a production capacity of 0.7 billion cbm / day.
Also of importance are the 128 km long Nawras / Abu Al-Mady / El-Gamil gas pipeline, and the establishment of the Egyptian Refining Company’s Mostorod refinery, with a production capacity of 4.7 million tonnes of petroleum products annually. Importance has also been placed on the development of the West Delta fields in the deep waters of the Mediterranean Sea Phase (9B), with a capacity of 350 million cbm/day. These projects resulted in achieving self-sufficiency in natural gas and connecting it to about 5 million housing units.
In the electricity sector, the total cost of the implemented projects amount to LE 403 billion, the most important of which is the addition of 650 MW from the South Helwan steam power plant, which has a capacity of 1,950 MW.
A further project implemented is the establishment of 12 stations in Benban, Aswan Governorate, with a capacity of 485 MW, as well as the establishment of a photovoltaic cell station in Kom Ombo with a capacity of 26 MW in Aswan Governorate. Additionally, a wind station in the Gulf of Suez, with a capacity of 250 MW, was established. As a result of these projects, Egypt’s ranking in the electricity access index increased from 145 in 2015 to 77 in 2019.
The cost of the projects implemented in the housing sector and the development of slums amounted to about LE 225 billion. The most important of these projects was the establishment of 417,000 social housing units, 182,000 housing units to house residents of dangerous, unsafe, and unplanned areas, in addition to the benefit of 586,000 citizens from the development of slums during the past two years.
This is in addition to increasing the production capacity of drinking water projects by 7.7 million m 3 / day, and 3.8 million m 3 / day for sewage projects. These projects have resulted in an improvement in Egypt’s ranking in the global competitiveness report (infrastructure axis), from 114 in 2014 to 52 in 2019.
Concerning the transport sector, projects worth LE117 billion have been implemented, the most important of which is the Wadi El-Natrun/Al-Alamein Road, the Upper Red Sea (Sohag/Safaga) Road, the duplication of the Mansoura/Tanah/Dakirnis Road in Daqahleya Governorate, and the Cairo-Suez Road.
Other projects in the sector include the duplication of the Western Desert Road between Assiut and Sohag, with the length of the paved roads reached about 9200 km. This resulted in an improvement in Egypt’s ranking in the road quality index from 118 in 2014 to 28 in 2019.
In the health and pre-university education sectors, the value of the implemented projects amounted to about LE51 billion, which resulted in the establishment, replacement, and expansion of 67,000 classes at all educational levels across Egypt.
Speaking of the health sector, 393 hospitals, 104 healthcare units, and family medical centers were established and developed during the past two years.