Projects
He noted that in the past two years alone, 24 projects have been completed at a cost of approximately EGP 8 billion, including newly opened hospitals and operational healthcare facilities.
The ‘Nouwfi’ program is specialized in financing eco-friendly, green projects.
The Minister’s remarks were given to the Cabinet Information Center. He noted that these Egypt-funded initiatives include water harvesting projects, well drilling, drinking water stations, rain forecasting centers, and dams.
Among the projects is the establishment of many different projects to raise the port's summer capacity globally, in a way that it can receive huge sailing ships from all over the world.
Engineering Authority projects, within the framework of the national strategy for the reconstruction and development of Sinai, were also presented as well as the status of the construction of projects in new cities across there country.
This came while reviewing the ministry's report on investments in Gharbia governorate.
Hussein added in a statement on Monday, said that these projects provided 3,609 job opportunities.
Egypt targets to implement utility projects in Arab and African countries, aiming to support financial resources of Egyptian companies.
These projects come within the the nexus of water, food and energy (NWFE) Program.
Caron elaborated that part of the amount is allocated to the second phase of the Leather City in Al-Rubiki and the second phase of the Shaq El-Taban area, pointing to the Italian side's interest in strengthening cooperation with Egypt in the field of furniture industry, especially the Furniture City in Damietta.
This came during Mohieldin's speech at the Marrakesh Partnership meeting within the framework of New York Climate Week activities , where he stressed the need to enhance understanding and economic cooperation between different countries.
Soliman noted that these investments were pumped in sectors of utilities and infrastructure, tourism, real estate investment, antiquities development, financial services and digital transformation, education and industry.
Furthermore, the Board of Directors approved the project to establish a multi-purpose terminal for the Sky Investment - Reliance Logistics consortium, in East Port Said Port, provided that the authority will start taking the necessary measures towards this contract.
The move aims to attain the optimal use of such location through establishing projects, which achieve economic returns and secure jobs for youth, he added while inspecting development works at El Sawaqi area in Fayyoum governroate on Tuesday.
The capacities of new energy projects under development witnessed a remarkable increase during the period, reaching 3,570 megawatts, with foreign direct investments of nearly $3.5 billion, double its counterpart in 2020.
The meeting tackled procedures for activating the memorandum of understanding (MoU) that was signed with Petrojet to implement new petroleum projects in Equatorial Guinea, foremost of which a project to establish a new refinery.
This statement came during the statements of the Fund’s Executive Director Ayman Soliman in a meeting with the Prime Minister Mostafa Madbouli in the presence of the Planning Minister Hala El-Said and other officials.
The ministry’s current portfolio includes 85 projects worth dlrs 11.9 billion in the field of adaptation to climate change and cushioning its fallout; in a way that supports the country’s efforts to implement Sustainable Development Goal 13 (SDG 13): climate action, she added.
The Memoranda of Understanding are aiming to establish projects to produce green fuel and green ammonia in the Sokhna.
This came during the launch of the fifth edition of the follow-up report on program budgets and performance at the sectoral level, which covers the period from (2018-2019) to (2020-2021), reviews all development programs in various sectors, and links them to sustainable development goals.
