Gov’t investments in north Upper Egypt reach LE 6.9B in 2017/18

CAIRO – 20 January 2018: Government’s investments in northern Upper Egypt reached LE 6.92 billion during the current fiscal year 2017/18, representing 3.6 percent of total investments.

Minya governorate is the top recipient of these investments, with 48.9 percent, followed by Beni Seuf and Fayoum.

Housing projects and facilities took the lion’s share of the investments, with 59 percent, at a value of LE 4.8 million. Education projects came second, with LE 543 million, while higher education projects acquired LE 485 million.

Transportation projects got LE 382 million, followed by water and irrigation projects (LE 247 million), agriculture projects (LE 165 million) and health projects (LE 167 million).

The government has been focusing on developing Upper Egypt recently. This week, President Abdel Fatah al-Sisi is set to inaugurate a number of development projects in the Upper Egypt governorates, including housing projects and water stations.

Minister of Housing and Urban development Mostafa Madbouli said that 288 ready-to-move-in housing units in 12 buildings, which are part of the Ebni Betak housing program, will be inaugurated along with another 2, 280 housing units in 95 buildings in the Upper Egypt governorate of Sohag.

In Aswan governorate, the president will inaugurate a number of Bedouin houses. Also, a water distribution network and water lifting station will be inaugurated in the Halayeb-Shalatein area, along with two water purification plants in Sohag governorate.