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Sunday, 29 April 2018

Egypt to complete USD 15.6 bn Sinai development by 2022, says Mahlab

The Sisi administration’s EGP 275 bn development plan for Sinai will be completed by 2022, a top presidential advisor told Reuters this weekend. Former Prime Minister Ibrahim Mehleb, now El Sisi’s advisor for national projects, told the news service that, “The Sinai development project is a project for national security,” he said. The government had said earlier this month that the EGP 275 bn allocated to develop Sinai would be spent over the coming four years, financed by both the state and through loans from international and regional finance institutions. The plan includes a comprehensive road network, residential and industrial developments, water desalination plants, hospitals, and sewage networks, said Mehleb.

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