Investments of EGP60 Billion in Sinia

Prime Minister Kamal el-Ganzouri held a meeting on Sunday 15/4/2012 to tackle the Sinai development file. The meeting discussed preparing a comprehensive development plan in Sinai with investments of EGP60 billion to cater for 3.2 million residents. Ganzouri agreed to exempt Sinai farmers from paying EGP168 million or 50 percent of their debts due to the Principal Bank for Development and Agricultural Credit, said Planning and International Cooperation Minister Fayza Abul-Naga following the meeting. The bank covers EGP105 million, while the government covers EGP63 million, Abul-Naga said, adding that 3,940 farmers from North Sinai and 287 from South Sinai will benefit from the decision.