General investments in Matrouh governorate amount to LE 34B in FY 21/22

CAIRO - 3 March 2022: The Planning and Economic Development Ministry announced on Thursday that the general investments directed to Matrouh governorate in the 2021-22 fiscal year reach LE 34 billion.

 

This came as the ministry reviewed the investment citizen plan in Matrouh governorate of the fiscal year 2021-22 after launching the citizen plan for the third year in row.

 

In statements, Planning and Economic Development Minister Hala el Saeed said the sustainable development plan of 2021/2022 fiscal year attaches importance to Upper Egypt governorates to achieve a swift and tangible development and it focuses on general investments in the fields of infrastructure, social and economic in order to benefit all citizens nationwide especially youths, women and people with special abilities.

 

She said the Citizen Investment Plan is an important database that helps citizens follow up under-construction projects in their governorates to guarantee their high-level implementation.

 

The minister explained that the plan provides detailed information on the most important development indicators in each governorate and its share of public investments in the plan for the fiscal year (21/2022).

 

The “Citizen Investment Plan” also provides information on the investments directed within the national project for the development of the Egyptian countryside, "a Decent Life", the distribution of these investments among the various sectors, and the most prominent performance indicators that monitor the current state of development in each sector.

 

She said the number of development projects in Matrouh governorate amounts to 151.

 

A report by the Ministry of Planning and Economic Development indicated that investments worth LE 23.9 billion were directed to the transport sector in Matrouh governorate.

 

LE 4.5 billion will be allocated to the electricity sector, 3.6 billion pounds to housing and slums development sector, 650 million pounds to the higher education and scientific research sector while the investments of water resources management amount to LE 636 million.