CAIRO: Egypt plans to invest 22.9 billion Egyptian pounds ($1.45 billion) for sustainable local development during the financial year 2021/2022.
Hala Al-Saeed, Egyptian minister of planning, said it is part of the country’s efforts to achieve the goals envisaged in Egypt’s Vision 2030.
The ministry, she said, wants to focus on the development of all governorates and seeks to develop an indicator to determine the comparative and competitive advantage of each governorate in the country.
A report published by the ministry said a total of 7.66 billion Egyptian pounds were allocated to the development of roads and bridges. Another key target is the development and strengthening of electricity networks across the country followed by environmental programs.