Egypt completes 37 energy projects worth $27bn in 2 years
CAIRO, December 9, 2020
Egypt has completed 37 development projects, in the petroleum and mineral wealth sector, at an investment of EGP431.3 billion ($27.4 billion) in the last two years, 18 of which in the financial year 2019-20, said a senior government official.
On the geographical distribution of finished projects, Dr Hala Al-Saeed, Minister of Planning and Economic Development explained that the lake has exported the rest of the provinces in terms of project cost, with 5 projects costing EGP16.4 billion, followed by Suez, with 5 projects costing EGP7.4 billions.
Then Alexandria with two projects, at a cost of EGP3.9 billion, and north Sinai, with two projects, at a cost of EGP1.7 billion, and Kafr El Sheikh with two projects, at a cost of EGP1.4 billion, Assiut and Qaloubia Dakahlia, Bani Suef, Port Said, Red Sea and Matrouh, with one project in each governorate, at a total cost of EGP343.3 billion, plus 14 joint projects between more than one governorate, at a total cost of EGP57.3 billion.