Egypt sets aside a quarter of its FY2020-21 investment budget for Upper Egypt

BUDGET WATCH- Gov’t sets aside a quarter of its FY2020-21 investment budget for Upper Egypt: The government is planning to invest EGP 47 bn in Upper Egypt next fiscal year, which starts on 1 July, the Planning and Economic Development Ministry said (pdf). This amount accounts for a quarter of direct government investments, and is a 50% increase from the amount allocated to the underdeveloped region in FY2019-2020.