Hala el Saeed
The total government investments in the FY 2021/2022 plan for the development of North Sinai governorate amount to approximately EGP 14.1 billion, according to the report.
Minister of Planning and Economic Development Hala El Saeed said 30 percent of the government’s investment plan for the current fiscal year cover green projects, adding that the government is targeting to increase the ratio to 50 percent by the fiscal year 2024/2025.
Saeed's remarks came during her videoconference meeting with representatives of the International Monetary Fund (IMF) to discuss results of surveys of income, expenditure, and labor, the Planning Ministry said in a statement.
She indicated that the number of development projects in the governorate reached 327 projects.
“This comes as part of the implementation of the first and second phase of the national project for the development of Egyptian villages, "A Decent Life”,” el-Saeed clarified.
El-Saeed, affirmed her ministry’s keenness to direct public investments towards developing the infrastructure, especially the sectors of “transport, drinking water and sanitation, and electricity services.
The unemployment rate decreased to 7.3 percent in the first quarter of the current fiscal year, compared to 9.6 percent in the fourth quarter of 2019/2020.
The ceremony took place in the presence of Director General of the Arab Organization for Administrative Development (ARADO), Nasser Al Qahtani, the organization's officials and the Ministry's leaders.
The figure reflects an increase of 38 percent compared to the sum the governorate received in FY 2019/20.
El-Saeed added Sunday that the number of development projects on the citizen's investment plan in the Suez governorate reached 163 projects
The planning minister, in an output report Sunday, said 31 percent of the projects have been established in Upper Egyptian and border cities at a total cost of LE 21.8 billion.
She noted that the number of development projects in Minya governorate reached 327 projects.
In a statement, Saeed said the new allocations come as part of the political leadership's interest in carrying out more national projects to better serve citizens.
This came in the Ministry of Planning and Economic Development’s mid-term report to monitor and evaluate the impact of the "A Decent Life" presidential initiative.
The cost of the Lake Mariout rehabilitation project amounted to about LE 236.250 million, divided into three tranches, as the first and second tranches were approved during the year 2020.
Saeed added that the number of development projects in Assiut Governorate reaches 392 projects in the Citizen Investment Plan in 2020/2021.
In a statement released on Sunday, El Saeed said the facility is expected to treat 5 million cubic meters of water per day to reclaim and cultivate around 400,000 feddans in the east of Suez Canal.
The funds were received in the period between August 2018 and December 2020, said Planning Minister Hala el Saeid in a statement Tuesday.
El-Saeed added that LE 28.4 billion out of the government investments are funded by the public treasury, with an increase of 29 percent.
According to the minister, the two companies are National Petroleum Company (NPC), and the National Co. for producing natural water (Safi).
