Luxor will see 174 development projects with a total public investment of LE2.86 billion as part of the country’s investment plan for fiscal year 2020/2021, Minister of Planning and Economic Development Hala al-Saeed announced. In a Saturday statement, Saeed said that investments directed towards the governorate witnessed a 45.2 percent increase over the 2019/20 plan. Luxor’s new investments represent 1.1 percent of Egypt’s public investments, she added, and indicate a 43.7 percent growth in the investments financed by the public treasury towards the governorate. Saeed pointed out that 15 percent of the public investments were directed to Upper Egypt. And in regards to Luxor’s sectoral distribution of public investments, Saeed said that investments worth LE1.1 billion were directed to developing the housing sector and informal settlement, accounting for 38.5 percent of total investments in the governorate in 2020/21.

Source: Egypt Independent November 07, 2020 15:45 UTC