01 Jul 2021

The Minister of Planning and Economic Development said that Egypt has invested EGP4.4tn in public projects from July 2014 until June 2021. EGP2.4tn were invested between July 2014 and June 2020, and the investment plan for FY20/21 alone is over EGP2tn.

The petroleum and mineral wealth sector was the highest in terms of projects implemented, with investments worth EGP1.2tn. Those included the development of natural gas fields, as well as upgrading refineries and building pipelines. The electricity sector followed with investments worth EGP403bn. The projects included building traditional power plants, as well as big investments in electricity generation from renewable sources such as solar and wind energy. The following sector was housing, with projects amounting to EGP225bn, mainly invested in new social housing units and units for dwellers of slums and dangerous, unsafe, and unplanned areas. There were also projects to develop potable water production capacity. The other sectors that saw significant investments were the transport sector, with EGP117bn in projects to develop roads, highways, and public transportation, as well as the health and pre-university education sectors, with EGP51bn in projects aimed at increasing the number of available school classes and establishing new hospitals and health units. (Source: Zawya (English), al-Ahram (English) (Arabic), Daily News (English), Egypt Today (English), al-Maal, Arab Finance, Akhbar al-Youm, al-Shurouk, Sada el-Balad)