EGP8.5 billion investments for petroleum sector in Suez Governorate

The volume of investments directed to the petroleum sector for the Suez Governorate in the year plan 2023/2022, directing investments worth 8.5 billion pounds to the petroleum sector at a rate of 60.7%.

EGP8.5 billion investments for petroleum sector in Suez Governorate
Petroleum sector

8.5 billion pounds, the volume of investments directed to the petroleum sector in Suez Governorate.

The state is working on real and sustainable development through the establishment of many development projects, which contributed to achieving a strong economic growth rate during the first quarter of this year, in addition to providing hundreds of job opportunities.

EGP8.5 billion for petroleum sector 

The volume of investments directed to the petroleum sector for the Suez Governorate in the year plan 2023/2022, directing investments worth 8.5 billion pounds to the petroleum sector at a rate of 60.7%.

 EGP 2.1 billion for transport sector

The transport sector amounts to 2.1 billion pounds, or 15%, and the investments of the higher education and scientific research sector amount to 872 million pounds, or 6.3%.

EGP 522 million for health sector

522 million pounds pertaining to the Suez Canal, or 3.7%, the health sector pertaining to 470 million pounds, or 3.4%, and investments amounting to 1.5 billion pounds pertaining to other sectors, or 10.7%.

The most important targeted projects

The most important targeted projects in the higher education and scientific research sector are the establishment of Galala University, the establishment of the University Hospital at Suez University, the establishment of the University City building at Suez University, in addition to the establishment of a central laboratories complex for the Faculty of Science at the university.