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Egypt injects EGP 350B in improving services in Upper Egypt in 6 years

Egypt injects EGP 350B in improving services in Upper Egypt in 6 years

ArabFinance: The Egyptian government invested EGP 350 billion in establishing several utility and local development projects in Upper Egypt governorates over the past six years, Shorouk News cited Minister of Local Development Mahmoud Shaarawy on June 10th.

The ministry supervises the implementation of local development programmes in Qena and Sohag which have secured a $1 billion funding from the government and the World Bank.

By June 2021, a total of 3,707 projects were implemented in drinking water, sewage, road, transportation, local unit development, economic development, and environment protection sectors at a cost of EGP 12 billion.

These projects created more than 203,000 job vacancies.

Shaarawy noted that the national rural development project will be implemented in three years starting from the coming fiscal year as part of the presidential initiative of “A Decent Life” with investments of about EGP 700 billion. 

 

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