EGP 43 billion to be invested in the electricity sector for the implementation of a wide range of targeted projects: Planning Minister

Hala El-Said, Minister of Planning and Economic Development reviewed the plan for the year 2022/2022 in the fields and sectors of export, electricity, telecommunications, and tourism.This came during her presentation of the draft statement of the sustainable development plan for the fiscal year 21/2022; The fourth year of the medium-term plan (18/2019 - 21/2022) today in front of the House of Representatives headed by Counselor Dr. Hanafi Jabali.El-Said said that the plan aims in the field of the export to increase industrial non-oil exports by at least 10% during the year 21/2022, while continuing to provide support for export companies under the immediate payment initiative, and with the expansion of the support system by adding commodity groups and new companies, especially small and medium companies.El-Said pointed out that for the electricity sector, the plan includes investments college of EGP 43 billion for the implementation of a broad range of targeted projects during the year plan.These targeted projects are the power supply project for the East Port area of North Sinai, projects of land reclamation area in Toshka, areas on the south coast east, and a project to increase airport power capacity, development of external networks, and a project for water pumping and storage stations for generating electricity in Mount Ataqah, Suez.
The plan also includes renewable energy projects, such as the establishment of a power plant generating capacity of 50 Kom Ombo megawatts, and other cells of photovoltaic Zafarana capacity of 50 megawatts, and a capacity of 20 megawatts in Hurghada, complete wind power station card capacity of 250 megawatts in the Gulf of Suez.




El-Said stressed that the telecommunications and information technology sector is one of the fastest-growing sectors, which is expected to achieve rapid growth in the range of 16% during the year of the plan.The plan indicated that the plan included government investments of about EGP 18.6 billion, with a growth rate of 86%. 
Concerning the tourism sector, El-Said explained the pandemic has hastened the state to confirm the continuation of current initiatives to support the sector for the period to come cover in 21/2022, in particular, central bank initiatives to develop replacement and renovation of tourist facilities, and the initiative of credit guarantee, as well as on the price discounts on entry tickets to museums and archaeological sites approved by the Ministry of Tourism and Antiquities.El-Said pointed out that the plan's estimates indicate that the inbound tourist movement will grow by 55%, to exceed the number of 5 million visitors, pointing to the intensification of efforts to revitalize internal tourism.El-Said explained that tourism development plan aimed at increasing hotel facilities environmentally friendly by about 15 hotels in the context of stimulating green tourism, in addition to the completion of the third phase of the Grand Egyptian Museum, and projects to develop and improve tourist destinations in all South Sinai, Luxor, Matrouh and the Red Sea.