Arab Finance: Egypt allocated a total of EGP 11.2 billion in the current fiscal year (FY) 2022/23 budget to implement various projects in Sinai, according to the Ministry of Planning and Economic Development.
North Sinai will receive EGP 5 billion of the investments, while South Sinai will take EGP 6.2 billion.
Sinai will see EGP 2.4 billion in investments to develop the education sector, EGP 2.18 billion for agriculture and land reclamation, EGP 1.5 billion to enhance water services, and EGP 1.13 billion for real estate development.
This is in addition to EGP 1.8 billion for the development of other services in the two governorates.