Egypt has earmarked EGP 35 billion (USD 666 million) in public investments for the North Sinai and South Sinai governorates across Fiscal Year (FY) 2025/26 and FY 2026/27, Minister of Planning and Economic Development Ahmed Rostom said in a statement, framing the move as part of the state’s ongoing efforts to accelerate development on the peninsula. The announcement was delivered on Saturday, 25 April, coinciding with the celebrations marking the 44th anniversary of Sinai’s liberation, with Rostom describing development as a “real shield” to safeguard the land and reaffirm its geographical, historical, and strategic importance. Under the plan, North Sinai will receive EGP 25 billion (USD 475 million), while South Sinai is allocated EGP 10 billion (USD 190 million). Rostom added that the investments are designed with a dual focus: 59 percent is directed toward human development to strengthen individuals, while the remaining 41 percent is assigned to infrastructure projects. The minister also emphasized that the state has invested heavily in Sinai since 2014, noting that the ongoing pace of construction and development reflects the peninsula’s exceptional place in the national consciousness. He said the approach aligns with the government’sContinue reading "Egypt Allocates EGP 35 Billion for Development in North and South Sinai"
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