Hala el Saeed
Senior officials and workers of the Planning and Economic Development Planning Ministry honored Thursday Minister Hala el Saeed, as she has won the Arab Government Excellence Award as the best Arab minister.
El-Saeed explained, in a statement, that the poverty rate in Egypt fell to 29.7 percent during the fiscal year of 2019/2020, compared to 32.5 percent in 2017/2018.
Launching the awards last year in May, Sheikh Mohammed said: “The Arab League can play a major developmental role for the region. The Arab Government Excellence Award aims to create a new development movement in the Arab World.”
this sector in Egypt faces many basic challenges that require reducing dependence on fossil fuels in energy production, and the trend towards the use of renewable energy as an alternative.
The completed projects have achieved a 44.3 percent growth rate year-on-year in the 2019/2020 fiscal year, she added.
“Public investments in Sohag Governorate are distributed across different sectors, as LE 2.5 billion is allocated to the housing sector, utilities and urban communities, LE 1.56 billion for the local development sector, LE 494.6 million for the education and technical education sector, LE 444 million for the health and population sector, in addition to LE 240 million for higher education and LE 640.4 million for other sectors."
Housing and development of informal settlements account for LE 1.1 billion or 38.5 percent of Luxor’s total investments in 2020/21.
Egypt’s Ministry of Planning and Economic Development has announced the features of the “Citizen Investment Plan” for North Sinai for fiscal year (FY) 2020/21.
During the speech, El-Said said that African countries have great economic and human potential, alongside the continent’s distinct geographical location and many natural and human resources.
This aims to complete the implementation phases of the project to develop the ring road around Greater Cairo to end on time.
These investments are split into three parts: real estate activities constitute the largest part at a rate of 45.6 percent (LE 62.1 billion), while 28.5 percent of investment (LE 38.9 billion) goes to construction works, and 25.9 percent (LE 35.3 billion) goes to water and sanitation projects.
Egypt's ranking in Africa is very advanced compared to other countries in the continent, asserting that Cairo is on the right track as per indicators of eradicating poverty, providing proper work and achieving of economic growth.
The results of the investments that have been poured into roads and bridges in the past four years were evident in the last two years from 2018 to 2020.
The minister said that the transformation into a knowledge economy and society is no longer a sub-issue of concern to the elite.
The growth rate in Egypt is the highest in most emerging countries, which reflects the success of the Egyptian government in dealing with the repercussions of the coronavirus pandemic in a balanced and sound manner.
It is a quarterly assessment that is based on strategic performance indicators, said Planning Minister Hala el Saeid Monday.
The Egyptian economy is solid and managed to withstand the impact of the coronavirus crisis, she noted.
A comprehensive plan is in place with the aim to achieve structural reform in seven promising sectors, atop of which health, Hala el Saeid said in a statement.
“Financial provision for these projects amounted to LE 36.7 billion in 2020/2021 plan, which represents 14 percent of the total public investments distributed in the plan."
This came in a report released by the Ministry of Planning and Economic Development on extra funding and budget surplus in the fiscal year 2019/2020.