Egypt pumps EGP 83bn investments into Upper Egypt since 2014

The Egyptian Ministry of Housing, Utilities, and Urban Communities has pumped investments of 83 billion Egyptian pounds into Upper Egypt since President Abdel Fattah al-Sisi assumed power in 2014.

These investments include 21.057 billion pounds in building 130,892 residential units, 390.5 million pounds in developing 94 slums, and 11.893 billion pounds in constructing 931 kilometres (km) of roads, the Minister of Housing, Assem El-Gazzar, said in a statement on Wednesday.

Moreover, the ministry also invested 43.595 billion pounds  in establishing 271 drinking water and sanitation projects and 1,654 projects for the renovation of existing water and sewage plants and networks as well as 5.504 billion pounds in setting up 526 service buildings.

The ministry allocated  45.7 billion pounds for developing existing cities in Upper Egypt, 26 billion pounds for establishing various projects in new cities, and 11.2 billion pounds for constructing projects in fourth generation cities.