The Ministry of Planning and Economic Development revealed in a report issued by it the features of the investment plan for the New Valley Governorate for the fiscal year 21/2022, within the framework of the general plan in all governorates of the Republic for the third year in a row.
Dr. Hala Al-Saeed, Minister of Planning and Economic Development, stressed that all development plans adopted by the state aim to improve the quality of life for citizens and that this will not be achieved without active community participation, in line with the “Egypt Vision 2030.”
The Minister indicated that her ministry has taken many steps aimed at enhancing transparency and accountability and emphasizing the importance of citizens’ participation in planning and follow-up.
Al-Saeed explained that “the general plan aims to achieve sustainable development for the fiscal year (21/2022), and link it with the “Egypt Vision 2030.”
She affirmed that the general plan includes many goals, including reducing the unemployment rate to 7.4%, and providing 950,000 decent job opportunities, through the expansion of self-employment programs, entrepreneurship, medium, small and micro enterprises, and directing total investments worth EGP 1.25 trillion to fund infrastructure and urban projects.
Some of the 79% investment will fund public investments, human and social development, and 15%, of this investment to be spent to finance local development programs on the remaining percentage, and targeting an economic growth rate of 5.4%, despite the continuation of the Corona pandemic.
Regarding the investment plan in the New Valley Governorate, Al-Saeed indicated that the number of development projects in the governorate amounts to 191 projects and that the value of public investments directed to the New Valley Governorate in the plan for the year 21/2022 amounts to EGP 2.4 billion.