Cairo – Mubasher: Egypt’s Ministry of Planning and Economic Development announced a new investment plan in the Red Sea Governorate for fiscal year 2020/2021.
The new plan includes the establishment of 162 projects with public investments directed to the governorate valued at EGP 10.8 billion in FY20/21, up by 31% from FY19/20, the Minister of Planning, Hala El-Saeed, said in a statement on Monday.
The housing sector accounts for EGP 3.47 billion (32.2%) of total public investments directed to the Red Sea Governorate, while the petroleum and natural gas sector made up EGP 3.19 billion (30.5%), the electricity sector EGP 1.59 billion (14.8%), the transportation sector EGP 784.4 million (7.3%), the local community development sector EGP 585.8 million (5.4%), and other sectors EGP 1.05 billion (9.8%).
