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Egypt’s Planning Minister, Rania Al Mashat, has announced a significant investment of EGP 530.5 billion aimed at developing the Sinai Peninsula and the Canal cities. This initiative underscores the country’s commitment to enhancing infrastructure and promoting economic growth in these strategically important regions.
The investment will focus on various sectors, including transportation, housing, and utilities, with the goal of improving living standards and attracting more investment. Key projects include the construction of new roads, expansion of housing units, and upgrades to essential services such as water and electricity.
Officials highlighted that the development of Sinai and Canal cities is crucial not only for local residents but also for the nation as a whole. By fostering economic activity in these areas, the government aims to create job opportunities and stimulate regional development.
Moreover, the initiative aligns with Egypt’s broader vision for sustainable development, which prioritizes balanced growth across all regions of the country. Authorities have emphasized the importance of community involvement in these projects to ensure that they meet the needs and expectations of the residents.
As part of this investment drive, the government is also seeking to promote tourism in Sinai, leveraging its natural beauty and historical significance. Efforts will focus on enhancing tourist facilities and improving accessibility to attract both domestic and international visitors.
With these ambitious plans, the Egyptian government aims to transform Sinai and the Canal cities into vibrant hubs of economic activity, contributing to the overall prosperity of the nation.
