FILE - Planning Minister Hala el-Saeed
CAIRO - 11 May 2020: Minister of Planning and Economic Development Hala El-Said the government allocated EGP 4 trillion to implement 25,000 developmental projects nationwide over seven years.
In a report issued by the ministry Monday, the minister said out of the 25,000 projects more than 16,000 ventures were finalized in various sectors at a total cost of LE 2.2 trillion between July 2014 -December 2019 .
The report titled "Seven years of construction" detailed developmental ventures being established across the country for the period covering July 2014- June 2021.
The Government attaches high priority to investing in developmental sectors at all levels, with the aim of achieving tangible progress, providing job openings for youth and lowering the rate of unemployment, according to the report.
The report cited over-all development projects in Upper Egypt, as well as ventures established in the fields of oil and gas, electricity, renewable energy, transportation, agriculture and irrigation, with a view to upping economic growth rate .