Public Investments
Public investments for the upcoming fiscal year are capped at LE 1 trillion to bolster private sector involvement, aiming to raise private investment to 50 percent of total investments, up from 40 percent this year
This came in a report issued by the Ministry of Planning and Economic Development on the features of the Citizen's Investment Plan for Minya Governorate for the year 2022-2023.
El-Said referred to the education sector, where about LE 52 billion were directed in nine years to education, with a growth rate of 817 percent in 21/2022 compared to 10/2011.
El-Said stressed the importance of taking practical steps to implement the "environmental sustainability standards" guide, by spreading the culture of sustainability, and defining mechanisms for monitoring performance indicators for all sectors.
This came in a report issued by the Ministry of Planning and Economic Development reviewing the citizen's investment plan for the current year 2020/2021 in Upper Egypt governorates.
El-Saeed, affirmed her ministry’s keenness to direct public investments towards developing the infrastructure, especially the sectors of “transport, drinking water and sanitation, and electricity services.
El-Saeed added that the number of development projects in Giza Governorate reaches 407 projects.
The figure reflects an increase of 38 percent compared to the sum the governorate received in FY 2019/20.
“The growth rate in investments financed by the public treasury and directed to Aswan governorate reaches 31 percent,” Saeed added.
She noted that the number of development projects in Minya governorate reached 327 projects.
Saeed added that the number of development projects in Assiut Governorate reaches 392 projects in the Citizen Investment Plan in 2020/2021.
While Beheira’s transport sector will get LE 525.1 million of investments, another LE 407.5 million will be allocated to the irrigation sector, and LE 658 million will be invested in other sectors.
These investments will help in the implementation of several strategic projects, including, electrical feeding to East Al-Uwaynat, and projects for extracting minerals from black sand, and the power linkage project with Sudan.
LE 175 billion of these investments flowed in the first half of fiscal year 2018/2019, with a 12 percent increase compared to the same period of the previous year.
The minister was addressing the CI Capital's 3rd Middle East and North Africa Region (MENA) Investor Conference, inaugurated by Prime Minister Mostafa Madbouli.
This came during her speech at the opening session of the fourth edition ofAl-Sadat Academy for Management Sciences' conference, entitled "From Economic Growth to Economic Happiness."
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