Egypt to channel $15.4 bln for Sinai development

Sinai has remained epicenter of deadly militant insurgency since mid-2013

Egypt to channel $15.4 bln for Sinai development

World Bulletin / News Desk

Egypt plans to allocate $15.4 billion to carry out investment projects in the restive Sinai Peninsula, the country’s planning minister said Tuesday. 

"There is a high priority for development of the Sinai Peninsula and Upper Egypt,” Hala al-Saeed said in a statement. 

Al-Saeed said fish farms are planned to be established in Sinai, as well as building roads, housing units, hospitals, schools and a university. 

The minister, however, did not give any details about the sources of funding for the planned Sinai projects. 

Sinai has remained the epicenter of a deadly militant insurgency since mid-2013 when Mohamed Morsi -- Egypt’s first freely-elected president and a Muslim Brotherhood leader -- was ousted in a military coup. 

Since then, hundreds of Egyptian security personnel have been killed in militant attacks across the volatile peninsula. 

 

Last Mod: 28 Ağustos 2018, 17:43
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