Egyptian government aims for channeling LE11.6B-worth of investments in Sinai

CAIRO – 30 August 2023: The government plans to channel investments worth LE11.6 billion in Sinai in FY2023/2024, including LE6.5 billion in public investments funded by 44.6 percent from the treasury.

The sectors targeted in North Sinai in specific are utilities (55 percent); constructions (10.5 percent); agriculture and land reclamation (6.4 percent); real estate (5.7 percent); and, education (5.3 percent).

As for South Sinai, public investments worth LE1.5 billion will be made in the sectors of education (28.1 percent); utilities (23.1 percent); water (15.4 percent); transport and storage (10.4 percent).