EGP5.1 billion.. investments to develop South Sinai according to plan 2023/2024

Over the past years, Egypt has been keen to implement a comprehensive plan for the reconstruction of Sinai and is working to develop knowledge and a giant network of roads and tunnels, to allow the state to implement a national agricultural, industrial, service and tourism project that takes advantage of the natural and historical components of Sinai and the canal cities.

 In order to improve the lives of its people and residents and raise the standard of living, investment management. In membership including different members and society in the development process.

Public investment

Regarding the investments directed to the South Sinai Governorate, for the year 23/2024 for the benefit of the South Sinai Governorate, a report by the Ministry of Economic Planning stated that it is heading towards 5.1 billion pounds, of which 47% is funded by public investment (2.4 billion pounds, and education is planned for a larger percentage of the total investments). by 28.1%, followed by the other services sector by 23.1%, then the water transportation and storage sectors by 15.4% and 10.4%, respectively.

Important development programs

 Regarding the most important development programs intended to be implemented in South Sinai Governorate during the year of the plan, the report explained that they include many projects, including completing the establishment of (15) agricultural clusters, in cooperation with the Kuwaiti Fund for Development, completing the drilling and equipping of wells, and constructing dams to protect against the dangers of floods. 

Classifying and evaluating lands

The new Delta project for procedures for inventorying, classifying and evaluating lands for national agricultural projects, completing the replacement and renewal of drinking water stations and networks in the centers of Al-Tur, Sharm El-Sheikh, Taba and Ras Sidr, in order to strengthen the pressures and reduce the frequency of breakages and accidents in the lines, and raise the efficiency of drinking water stations and networks to prolong their lifespan and make full use of their energy.

Second phase

Completing the second phase of doubling the tunnel/Abu Redis water line with a length of 168 km, increasing the capacity of the water station west of the tunnel from 35 to 70 thousand m3/day, establishing desalination plants in the cities of Al-Tur, Ras Sidr, Abu Zenima, Dahab and Nuweiba, and establishing a ground reservoir in the city of Dahab with a capacity of 5,000 m3. And the ascending and descending line.

In addition to the construction of the southern water storage tank with a capacity of 20,000 m3 in Sharm El-Sheikh, and connecting external facilities (drinking water, sewage) to King Solomon University with its three branches (Ras Sidr, El-Tur, Sharm El-Sheikh).

EGP600 billion 

The Egyptian government is counting on the special sausage to clearly accelerate the wheel of economic growth and revitalization. The government’s plan for the year 2023/2024 is that it has adopted ambitious targets for investments and is heading towards 600 billion pounds in the year 23/2024, with a percentage of 36% of the total targeted investments, compared to an announced percentage of 22/ 2023 is around 31%, and the actual rate is 29% in 2021/21.

Regarding fixed public investments, according to the plan that was presented to the government and received approval, it lacks 1,050 billion pounds, compared to 64% of the total investments, and the government apparatus allocates about 587 billion pounds (56%), and the creation of economic pounds 384 billion (37%). for its general authorship, 79 billion pounds, at a rate of 7%.