Egypt to direct 37% of public investments to sustainable infrastructure: Al-Mashat

Cairo – November 7, 2024: Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, announced that Egypt will direct 37 percent of its public investments in the 2024/2025 fiscal year towards sustainable infrastructure projects.

This initiative is a key component of the country’s urban development strategy and plays a crucial role in advancing its efforts to achieve the 2030 Sustainable Development Goals (SDGs).

These efforts are a vital part of Egypt's broader development agenda, which also allocates 42 percent of the budget to human development and 20 percent to local development, aiming to create sustainable cities that support both economic growth and social inclusion.

During her participation in the panel discussion on “Financing Sustainable Urban Development for All” at the 12th World Urban Forum (WUF12) in Cairo, the minister emphasized the importance of these investments, which will fund key infrastructure projects and sustainable transport such as metro systems, dry ports, green cities, and the expansion of social housing.

Al-Mashat underscored the role of public-private partnerships in driving sustainable urban growth, noting that by engaging the private sector, the government is securing concessional financing for high-priority projects, including the Upper Egypt Development Program and dry port facilities in 6th of October and 10th of Ramadan.

The forum, held from November 4 to 8 under the patronage of President Abdel Fattah El-Sisi, brought together global leaders and urban experts to address the challenges of creating sustainable, resilient cities.