Egypt's 2021/2022 plan allocates 30% of public investments for the development of Upper Egypt: Planning Minister

Dr. Hala El-Said, Minister of Planning and Economic Development discussed today the investment plan for the year 2021/2022 in the plenary session of the Senate.
El-Said said that the main targets of the plan in the field of economic development are to achieve a high growth rate of GDP reaching 5.4% and to increase per capita real GDP by 3.4%.
The main objectives of the plan are to double the savings rate to about 11.2%, with an increase in the investment rate to 17.6%, an increase in tourism revenues to $ 6 billion, and a gradual rise in international reserves of foreign exchange to reach $ 42 billion by the end of the year of the plan.
El-Said also referred to the main objectives of the plan in the field of social development, explaining that the plan aims to reduce the population growth rate to about 2%, reduce the annual inflation rate to 6%, and reduce the unemployment rate to about 7.3% while reducing the poverty rate to 28.5%.
The plan's main objectives also include reducing the illiteracy rate to about 17.5% and increasing the participation of females and youth in the workforce to narrow the gender and age gap in unemployment rates.
El-Said discussed the plan's goals in the field of urban development and environmental improvement.
El-Said indicated that the plan aims to allocate at least one-third of public investment for development in Upper Egypt and the border governorates, expanding the construction of new cities, rationalizing energy use, and reducing carbon dioxide emissions, while expanding the use of clean technology in the context of green economy and environmentally friendly projects, in addition to developing unplanned slums in the governorates, and the implementation of a program to remove all unsafe areas.