SINAI PENINSULA, Egypt — Egypt’s government is allocating investments in the Sinai Peninsula worth 5.23 billion Egyptian pounds ($316 million) for the fiscal year ending June 30, 2020. The Ministry of Planning, Monitoring and Administrative Reform announced the news in a statement Aug. 22.
This would increase by about 75% the government investments registered in fiscal 2019 in Sinai and falls within the scope of the Egyptian government endeavors to develop the area reeling under decades of neglect.