Daily News Egypt

Alexandria to see 279 development projects worth EGP 16.6bn in FY 2020/21 - Daily News Egypt

Advertising Area

Advertising Area

Alexandria to see 279 development projects worth EGP 16.6bn in FY 2020/21

Public investments allocated to Alexandria increased by 35% from FY 2019/20, says Hala El-Said


A total of 279 development projects are planned for fiscal year (FY) 2020/21 in Egypt’s Mediterranean port city of Alexandria, the Ministry of Planning and Economic Development said on Wednesday.

Public investments allocated to the governorate in FY 2020/21 has increased by 35% year-on-year (y-o-y) to EGP 16.6bn, according to Minister of Planning and Economic Development Hala El-Said.

She said that Egypt’s Vision 2030 aims primarily to improve the quality of life and standard of living for Egyptian citizens. This accounts for the FY 2020/21 sustainable development plan being based on public investment in infrastructure.

The minister also said that the FY 2020/21 plan includes the completion of the Egyptian-Japanese University of Science and Technology (E-JUST) project, located in Alexandria’s Borg El-Arab area, which began in FY 2015/16.

Around EGP 1.87bn has allocated to the project, which is being built on an area of 200 feddan, as part of Alexandria’s total public investments. As the first Japanese university outside Japan, a total of 15 Egyptian contracting companies are working on the project, which has provided about 4,000 job opportunities since the beginning of its implementation.

The university has three solar power plants with a capacity of 560 KW, and boasts a 6,000 cubic metre-capacity ground tank to collect rainwater. The project also includes a library which uses a smart shelving system and holds a capacity of one million books.

El-Said said that all the resources used in the construction have been provided by local factories.

Regarding the sectoral distribution of public investments targeted in Alexandria, a ministry report indicated that investments worth EGP 4.9bn will be directed to the oil and natural gas sector. A further EGP 3.3bn will be allocated to higher education, whilst EGP 1.8bn will be allocated to transportation, and EGP 2.65 for the housing sector.

Advertising Area

https://dailyfeed.dailynewsegypt.com/2020/12/30/alexandria-to-see-279-development-projects-worth-egp-16-6bn-in-fy-2020-21/
Breaking News

No current breaking news

Receive our daily newsletter
Subscribe