Egypt directs EGP2.05bln investments into Fayoum during FY19/20

Egypt  allocated total investments of 2.05 billion Egyptian pounds to Fayoum during FY19/20 for 173 developmental projects in housing, local development, education, and irrigation sector, according to the Egyptian Minister of Planning and Economic Development, Hala El-Saeed.

he Egyptian Ministry of Planning and Economic Development has directed 944 million pounds worth of investments into 202 projects during fiscal year 2018/2019.

These investments were injected into the establishment of developmental projects in several villages in Sohag, Beni Suef, Minya, Assiut, and Aswan.

A total of 102 projects were established in 68 villages, benefiting about 1.3 million Egyptians, she added.

El-Saeed further revealed plans to finance projects in 143 villages during the current fiscal year, she pointed out.

A total of 351 projects were established in FY18/19 at a total cost of about 379 million pounds.