EGP 103 billion.. Plan Cairo Governorate investments in the current year

Hala Al-Saeed, Minister of Planning and Economic Development, said that the value of public investments directed to Cairo Governorate in the current fiscal year plan amounts to 102.6 billion pounds, an increase of 25.3% over the 2021-2022 plan.

According to a statement from the Ministry of Planning, Al-Said indicated that the number of development projects in the governorate targeted by these investments has reached 1,326 projects.

EGP 44.3 billion (transportation sector)

Al-Saeed indicated that investments amounting to 44.3 billion pounds were directed to the transportation sector, at a rate of 43%, followed by the housing sector, at a value of 20.6 billion pounds, or 20%, and the sector of higher education and scientific research amounted to 5.6 billion pounds, or 6%. Then the local development amounted to 4.5 billion pounds, or 4%, then the health sector, with investments amounting to 1.6 billion pounds, or 2%.

EGP 26 billion other sectors

Investments amounting to EGP 26 billion are allocated to other sectors in the governorate, or 25%, according to the minister.

7.6 billion (sanitation services)

Al-Saeed added that the most important development goals in the housing sector in Cairo Governorate in the 2022-2023 plan are to direct about 7.6 billion pounds for drinking water and sanitation services, in addition to directing 686.5 million pounds for electricity services. The number of development projects in this sector is 95 projects.

EGP 231 million (strengthening electricity networks) 

The number of projects in the local development sector amounts to 495 projects, and the most important development goals in this sector are directing EGP 1.5 billion to paving local roads, and directing EGP 231 million to strengthening electricity networks.

Gross domestic

 On the other hand, Al-Saeed said that it is estimated that the gross domestic product in the year of the plan will reach about 11.84 trillion pounds (at current prices), compared to 9.8 trillion pounds, the value of the expected output for the previous year (2022/2023), recording a growth rate of 4.1%.

Al-Saeed added, To achieve the desired economic growth rate, the plan aims to increase total investments to reach 1.8 trillion pounds (including changes in inventory), compared to investments of 1.32 trillion pounds in the previous year 2022/21, with a growth rate of 36%.