The government plans to pump new investments in Upper Egypt, Invest-Gate reports.
A total of EGP 32.989 bn of the budget for FY2017-18 will be allocated for implementing projects in the Upper Egypt governorates, according to the Ministry of Planning, Monitoring, and Administrative Reform.
The governorates are Aswan, Qena, Luxor, Sohag, Red Sea, Assuit, the New Valley, Minya, Beni Suef, and Fayoum, accounting for around 17.1% of the total value of targeted investments in the new fiscal year, the ministry adds.
Greater Cairo governorates, which include Cairo, Giza and Qalyubia, will acquire 25.2% of the total value investments, followed by Sinai and the Suez Canal regions at 16.6%, the Nile Delta at 8.7% and Alexandria at 5.9%, respectively.