Ministry of Planning and Economic Development reviews ‘Citizen Investment Plan’ in Red Sea governorate in FY 2021-22

The Ministry of Planning and Economic Development reviewed the features of the ‘Citizen Investment Plan’ in the Red Sea Governorate for the fiscal year 2021/2022, after launching the citizens' plan for the third year in a row, to activate community participation and involve citizens in planning and follow-up.Dr. Hala El-Said, Minister of Planning and Economic Development said that Egypt's Vision 2030 aims primarily to improve the quality of life of Egyptian citizens and improve their standard of living. She explained that the sustainable development plan for the fiscal year 2022/21 is based on public investment in basic, social, and economic infrastructure, to ensure that the return on investment reaches all citizens throughout Egypt.Regarding the goals of the Citizen’s Plan, El-Said indicated that it includes the localization of sustainable development goals, enhancing transparency and accountability, in addition to activating community participation, and spreading a culture of programs and performance.Regarding the features of the sustainable development plan for the fiscal year 2022/21 “at the national level,” El-Said indicated targeting an economic growth rate of 5.4%, in addition to achieving an investment rate of about 17.6%, and providing 950,000 job opportunities through the expansion of programs to encourage self-employment and small and medium-sized enterprises. She added that the features of the plan include the total investments of the plan amounting to EGP 1250 billion, including public investments at 74.6%, private investments by 25.4%, with 13.5% of the public investments distributed to Upper Egypt governorates at a value of EGP 47.7 billion, and EGP 515 billion for infrastructure development by 79%. EGP 97 billion, or 15%, for human and social development, in addition to 3.5% of investments directed to local development programs, worth EGP 23.2 billion.



El-Said explained that the public investments directed to the Red Sea Governorate in the 2022/21 plan amount to EGP 4.2 billion, representing 1.2% of the distributed public investments, and 132 development projects.
El-Said indicated that concerning the sectoral distribution of targeted public investments in the Red Sea Governorate, the share of the electricity sector is about EGP 1.9 billion or 45.6%, and EGP 852.6 million for housing, at 20.5%, and EGP 496.8 million for local development, at 12%, and EGP 280 million 6.7% for the irrigation sector, in addition to EGP 101 million for the higher education sector, 2.4%, and EGP 526.4 million, or 12.7% for other sectors.