Egypt allocates LE41.7B for investments in Upper Egypt

CAIRO – 25 June 2019: Egypt allocated LE 41.7 billion of 2019/2020 budget’s plan to government investments in Upper Egypt governorates, a senior official at the Planning Ministry said.

The official clarified that this amount represents 22 percent of total public investment during the coming year.

According to the source, the government was keen to increase the volume of allocations to Upper Egypt governorates in its sustainable plan, noting that the proportion hiked by about 12 percent, compared to the amount of 2018/2019.

The source pointed out that the new fiscal year plan aims to achieve the equitable distribution of investments. “This is what the government is keen on allocating to public investments in the governorates, mainly the governorates of Upper Egypt.”

On the other hand, the Ministry of Planning will hold a press conference on administrative reform in Egypt on Tuesday titled "Administrative Reform in Egypt: Reality and the Future". The conference will be held in the presence of Head of the Central Organization for Management and Administration Saleh Sheikh, and number of the ministry’s representatives.