Planning Ministry reveals features of Fayoum's Citizen Investment Plan in FY2020/21



Tue, 02 Feb 2021 - 01:52 GMT


Tue, 02 Feb 2021 - 01:52 GMT

FILE - Tourists watching sunset on Qaroon Palace in Fayoum

FILE - Tourists watching sunset on Qaroon Palace in Fayoum

CAIRO - 2 February 2021: The Ministry of Planning and Economic Development announced the features of the "Citizen Investment Plan" in Fayoum governorate for fiscal year FY 2020/21.


Minister of Planning and Economic Development Hala El-Said indicated that there are 191 development projects that are being implemented in the governorate at LE 2.9 billion in just the ongoing fiscal year.


The figure reflects an increase of 38% compared to the sum the governorate received in FY 2019/20 and represents 1.1% of the total public investments injected across the country in the current fiscal year. El-Said added that the growth rate in investments financed by the public treasury and directed to Fayoum Governorate stands at 28%.


Concerning the distribution of public investments, El-Said indicated that LE 988 million of investments are directed to the housing sector and the development of informal settlements representing 34% of the budget allocated to Fayoum in FY2020/2021.


While the local development sector will receive LE 491.6 million, or 17%, and the pre-university education sector investments amounted to LE 411 million, by 14.2%.


Furthermore, allocations to the higher education sector recorded LE 276 million or 9.5%, the electricity sector LE 173 million or 6%, and the other sectors LE 560.4 million, or 19.3%.


The report of the Ministry of Planning and Economic Development stated that drinking water and sanitation services in Fayoum are receiving around LE 540.3 million.


Concerning the pre-university education sector, the plan aims to establish 97 schools that include 1,202 classes.


The report pointed out that the most important electricity sector projects in the governorate are namely, transferring and rerouting the electrical network that impedes the national project for the development of national roads, in addition to completing the electrical supply for the project of extracting minerals from black sand.


Moreover, the plan aims to complete construction of the College of Nursing and other university facilities at the university campus and in new Fayoum city.


It is worth noting that the citizen plan covers the most prominent features of the sustainable development plan for FY 2020/21 at the national level and the most important economic indicators for each governorate. This is represented in the gross domestic product (GDP), the real growth rate, the unemployment rate, the number of workers.


It also includes the value of public investments directed to the governorate in FY 2020/21, their distribution to different sectors, and the number of projects under implementation in each governorate.



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