Egypt's Planning Ministry releases 'Citizen Investment Plan' of Suez in FY 2020/21

Citizen Investment Plan contributes to bridging the development gaps between the different governorates: says Hala El-Said 
EGP 15.7 billion is the value of public investments directed to the Suez Governorate in the 20/2021 plan, with an increase of 15% over the 2019/2020 plan

The Ministry of Planning and Economic Development announced the features of the "Citizen Investment Plan" in the Suez Governorate for the fiscal year 20/2021, within the framework of continuing to announce the citizen's plan in all governorates of Egypt for the second year in a row.

Dr. Hala El-Said, Minister of Planning and Economic Development explained that the “Citizen Investment Plan” includes the most prominent features of the sustainable development plan for the fiscal year 20/2021, at the national level.It also includes the most important economic indicators for each governorate represented in the gross domestic product, the real growth rate, the unemployment rate, and the number of employed.Moreover, the “Citizen Investment Plan” includes the value of public investments directed to the governorate in the fiscal year 20/2021 plan, their distribution to different sectors, and the number of projects being implemented in each governorate.El-Said added that the "Citizen Investment Plan" is based on evidence-based planning, by making use of databases and performance measurement indicators in all developmental areas in the 27 governorates of Egypt, in a way that ensures bridging development gaps between the different governorates.On the citizen's investment plan in the Suez Governorate, El-Said indicated that the number of development projects in the governorate reaches 163 projects and that the value of public investments directed to the Suez Governorate in the 20/2021 plan amounts to EGP 15.7 billion, an increase of 15% over the plan in 2019/2020, representing 6% of the public investments distribute.El-Said pointed out that the growth rate in investments financed by the public treasury and directed to the Suez Governorate reaches 14%.
About the sectorial distribution of public investments targeted in the Suez governorate in the 2021/2021 plan, El-Said pointed to directing investments worth EGP 10.16 billion to the petroleum sector, at a rate of 64.7%, and the transport sector allocates investments worth EGP 1.86 billion, or 11.8%.
The Suez Canal sector is allocated EGP 1.08 billion or 6.9%.Also, EGP 820 million were directed to the higher education and scientific research sector at a rate of 5.2%, in addition to EGP 546.56 million to the housing sector at a rate of 3.5%, in addition to EGP 1.25 billion directed to other sectors, by 7.9%.The report of the Ministry of Planning and Economic Development stated that the most important development goals in the petroleum and natural gas sector in Suez Governorate in the 2021/2021 plan are to deliver natural gas to 4,000 customers.
The report also pointed out that 2000 cars will be converted to run on natural gas.In the housing sector, the most important development goals are to direct about EGP 284.8 million to drinking water and sanitation services, in addition to directing EGP 101.3 million to the National Social Housing Program in Suez, as well as to EGP 132 million to develop unsafe markets and random areas in the governorate.
The report referred to the Suez Canal Corridor development project, as the state aims to benefit from the tremendous potential of the Suez Canal by establishing a global logistics center in the Canal Corridor, to qualify the region to be a world center of excellence in maritime, logistical, industrial and tourism services.
 The listed appropriations for the project for the year 2021/2021 amount to EGP 19.9 billion.