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Egypt allocates EGP 30.6bn in public investments to Giza in FY 2020/21 - Daily News Egypt

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Egypt allocates EGP 30.6bn in public investments to Giza in FY 2020/21

Giza Governorate will receive EGP 30.6bn in public investments as part of Egypt’s “Citizen Investment Plan” during fiscal year (FY) 2020/21, the Ministry of Planning and Economic Development announced on Thursday.


Giza Governorate will receive EGP 30.6bn in public investments as part of Egypt’s “Citizen Investment Plan” during fiscal year (FY) 2020/21, the Ministry of Planning and Economic Development announced on Thursday.

Hala El-Said, Minister of Planning and Economic Development, said that Giza Governorate now has a total of 407 development projects. The value of this year’s public investments under the “Citizen Investment Plan” and directed to the governorate represent 11.8% of total distributed. It reflects an increase of 29.6% compared to those made during FY 2019/20.

In a report on the public investments allocated to Giza Governorate under the FY 2020/21 plan, an outline was provided of the sectorial distribution of these funds. It indicated that investments worth EGP 10.8bn will be directed to the housing sector, reflecting a total of 35.3%, whilst the transport sector is set to be allocated a total of EGP 8.3bn.

The antiquities sector will receive EGP 3.96bn, equivalent to 12.9% of the investments, while the higher education sector will receive investments of EGP 3.3bn. The ministry announcement indicated that EGP 700m has been directed to the youth and sports sector, reflecting 2.3% of the investments, in addition to directing EGP 4bn to other sectors.

It also said EGP 3.9bn will be allocated to drinking water and sanitation services in the Giza Governorate. This reflects one of the most important development targets in the housing sector and the development of informal settlements in the governorate under the FY 2020/21 plan.

For the higher education sector, the most important projects of the plan are to complete the Zewail City of Science and Technology, and complete the project to establish the University of Technology in 6th of October City.

The ministry report also made reference to the development of archaeological sites in the governorate, including the completion of the Grand Egyptian Museum (GEM). The significant project aims to establish a global cultural centre that focuses solely on the Egyptian civilisation, while documenting and preserving the museum’s holdings. In FY 2020/21, the project will receive EGP 2.9bn, and will house between 3,000 to 5,000 artefacts.

The “Citizen’s Investment Plan” includes a detailed presentation of all development indicators and projects that are being implemented in each governorate separately. It aims to enable the Egyptian citizen to follow up on and monitor the implementation of these projects, whether they are being implemented in their governorate, city or village.

El-Said added that Egypt’s Vision 2030 provides decent and sustainable job opportunities, embodying the true meaning of social development. It also integrates improving the competitiveness of the Egyptian economy, and enhancing the country’s leadership.

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https://dailyfeed.dailynewsegypt.com/2021/02/04/egypt-allocates-egp-30-6bn-in-public-investments-to-giza-in-fy-2020-21/
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