Egypt directs investments in billions to develop Sinai Peninsula

CAIRO - 27 February 2023: Egypt's political leadership has directed special attention to achieving economic and social development in living standards in Sinai Peninsula and governorates of Upper Egypt. 

 

This comes within the framework of a coherent and integrated development program, by addressing existing development gaps, and advancing development efforts in accordance with the components, characteristics, and priorities of each region.

 

 

In the below lines, et sheds the light on the volume of investments directed to the governorates of North and South Sinai:

 

 

First: North Sinai:

 

1- The total government investment Plan directed for the development of North Sinai governorate during the fiscal year 22/2023, amounts to about 5 billion pounds.

 

2- The public treasury finances about 80% of it (4 billion pounds).

 

3- The agricultural and land reclamation sector accounts for the largest percentage of the total government investments directed to North Sinai Governorate (28%), followed by the construction and building sector at 22.6%, the other services sector at 12.8%, then the sanitation, water and education sectors at 8.1% and 7.9%. and 7.6%.

 

 

Second: South Sinai:

 

1- The total government investments directed for the development of South Sinai governorate during the 2023/22 plan, amount to about EGP 2.2 billion.

 

2- The public treasury finances 45.2% of it, or about 2.8 billion pounds.

 

3 - The education sector acquired the largest percentage of total investments at about 32.4%, followed by the other services sector at 19.2%, then the water, agriculture and land reclamation sectors at rates of 17.9% and 12.6%, respectively.