Egyptian authorities to allocate funds for implementation of almost 600 projects in Giza
Funds will be allocated to transport, education and construction spheres
Egyptian authorities have allocated a total of EGP 82,7 billion (US$1,75 billion) to 586 development projects in Giza province, based on the investment plan for the 2023-2024 fiscal year, as reported by Daily News Egypt, a partner of TV BRICS, citing the country's Ministry of Planning and Economic Development.
The amount of funds earmarked for the development of Giza increased by 8,8 per cent compared to the previous fiscal year. Projects in several sectors, including transport (EGP 35 billion or US$738 million), housing (EGP 32 billion or US$675 million), higher education (EGP 5,6 billion or US$118 million), pre-university education and antiques trade, will receive the money.
The governorate of El Giza will also receive EGP 2,7 billion (US$56,9 million) for the delivery of drinking water and sanitation.
Photo: iStock-
![]()
Economy07.10.26Minister: Egypt to increase oil production -
![]()
Economy07.10.26World Bank raises India’s economic growth forecast to 7.1% -
![]()
Economy07.10.26China adds new professions as AI, drones and smart technologies reshape labour market -
![]()
Economy07.10.26Indonesia and Malaysia plan to establish new maritime trade route -
![]()
Economy07.10.26Egypt and South Africa launch joint business council to strengthen economic ties -
![]()
Economy07.10.26Economic agreement between UAE and EAEU comes into force
-
![Evgeny Solntsev]()
Evgeny SolntsevGovernor of Orenburg Region (Russia)"We see growth year after year. Last year, the figure increased by 11.6 per cent. The total share of our products on the sales market is around 24.7 per cent. BRICS countries account for a quarter of all our products. Good-neighbourly relations with Kazakhstan are very important for us. Then come China and India. We primarily focus on these countries because they are our closest neighbours" -
![Elias Monage]()
Elias MonageChairman of the South African side of the Russia-South Africa Business Council"If we are then to do a huge project, for example, on rail infrastructure, we can then bring the rest of the continent to participate in the rail development and infrastructure for the continent together with the partners within the BRICS countries. Whether we then bring, for example, Russia rail, we then bring India, we then bring China" -
![Maksim Reshetnikov]()
Maksim ReshetnikovRussian Minister of Economic Development"Plan 2030 has created a strong foundation for the qualitative expansion of trade and economic ties. There are all grounds to believe that by the end of the decade, Russia–China trade will reach US$300 billion"
