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Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Investments Directed to Port Said Increase by 260%


Fri 05 Feb 2021 | 12:48 PM
Ahmad El-Assasy

The Ministry of Planning and Economic Development announced the volume of investments directed to Port Said governorate in the 20/2021 plan, amounting to EGP 18.3 billion pounds. It represents an increase of 260% over the plan for the year 2019/2020, representing 7.1% of the public investments distributed.

The ministry noted that the growth rate in financed investments from the public treasury directed to Port Said governorate reaches 26%.

Port Said governorate is witnessing the implementation of unprecedented projects in all sectors. It has many mega projects at a cost of more than EGP 400 billion in many sectors in roads, bridges, mega health, and digital projects, and Port Said tunnels mega construction projects.

In Port Said, there are 8690 social housing units are being Implemented as a first stage, in addition to establishing 13,796 social and investment housing units in Port Fouad. There is also a housing project for Suez Canal Authority employees at a cost of EGP 559 million.

The West Port Said water desalination plant is being implemented to be established with a total capacity of 2000 m3 / day, and a financial cost estimated at EGP 440 million for the station in addition to another EGP 150 million for transport lines

The projects of 30th of June Hospital in Bahr El Baqar, El Salam General Hospital, and Al Hayat Hospital in Port Fouad are being implemented.