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Skepticism looms over Egypt’s plan to develop Sinai

The Egyptian minister of planning announced $316 million worth of investments in the Sinai Peninsula for fiscal year 2020, but observers are skeptical in light of the threats posed by the Islamic State in Sinai.
A sign of Taba Protectorate is seen at the new road to Saint Catherine, in the Sinai Peninsula, south of Cairo, Egypt December 11, 2018. Picture taken December 11, 2018. REUTERS/Amr Abdallah Dalsh - RC1D87D720C0
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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.

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