LE6.8B to be spent on data center establishment in Egypt's New Administrative Capital

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Sat, 02 May 2020 - 02:02 GMT

FILE – New Administrative Capital

FILE – New Administrative Capital

CAIRO – 2 May 2020: In FY2020/2021 draft budget, LE6.8 billion will be allocated to the establishment of the data center in the New Administrative Capital, and LE100 million are dedicated to archiving documents within the measures taken to achieve the relocation of the government and the parliament in 2021.

LE2.6 billion and LE400 million are allocated to the mechanization of governmental services and the development of information infrastructure, respectively.

In the draft budget, total investments are estimated at LE740 billion down from LE840 billion expected in FY2019/2020, which is less than the approximately LE970 billion achieved in FY2018/2019. That is due to COVID-19 global crisis.

In order to make up for the decline in private investments, public investments will compose 80 percent of total investments pumping LE595 billion, including LE281 billion governmental investments with an increase of 34 percent compared to FY2019/2020.

In FY2020/2021 budget, the total expenditure and revenues are worth LE1.7 trillion and LE1.3 trillion, respectively.

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