Egypt pumps EGP 7.3bn investments in Qena, Sohag

The Egyptian government has injected investments worth 7.3 billion billion pounds into projects in Qena and Sohag during the period from June 2016 to June 2020, the country’s minister of local development Mahmoud Shaarawy said.

Part of these investments is financed by a loan secured from the World Bank as part of the executive programme for local development, Shaarawy added in a statement on Monday.

The programme aims to support infrastructure and economic development, create jobs, and boost competitiveness in the country’s governorates, he noted during a session organised by the World Bank on the sidelines of World Urban Forum in Abu Dhabi.