In celebration of Sinai Liberation Day, Arab Finance will give you a quick summary of the investment plan for the development of Sinai during the current fiscal year (FY) 2023/24. With a total allocation of EGP 11.6 billion, this plan aims to bolster economic growth, infrastructure, and social welfare across both South and North Sinai.

The investment distribution reflects a balanced approach, with EGP 5.1 billion earmarked for South Sinai and EGP 6.5 billion designated for North Sinai, as per data from the Egyptian Ministry of Planning and Economic Development.

Egyptian Prime Minister Mostafa Madbouly declared that Thursday, April 25th, will be a paid leave for the public and private sectors in celebration of Sinai Liberation Day.

Madbouly also announced before that the Egyptian government is targeting to inject EGP 363 billion into new projects in North Sinai over the coming five years.