Cairo - Mubasher: The Egyptian Ministry of Finance approved a decision to boost the North Sinai Governorate's contribution to Sinai National Investment Company's capital in a bid to expand in implementing developmental projects.
This will contribute to developing the infrastructure of Sinai and linking the governorate to the Nile Delta through the reclamation of agricultural lands in a way to help create integrated urban communities, attract investors, achieve a higher economic return on investment, make the best use of natural resources, and create job opportunities, Minister of Finance Mohamed Maait said in a statement on Wednesday.
The government has boosted public investments in the state budget for fiscal year (FY) 2021/2022 by 27.6% year-on-year (YoY) to EGP 358.1 billion, six times higher than the allocated public investments in FY13/14, Maait noted.
