CAIRO - 8 November 2022: Egypt has allocated a total of 144 billion pounds as green public investment during the year 2021-2022, creating an environment conducive to green transformation, and integrating the environmental dimension in development plans.
The investment plan includes 7 core areas: clean transportation, environmental improvement, agriculture, irrigation, industry, housing, energy and education
The targeted green investments in the fiscal year 2022/2023 represent 40% of the total public investments
It has applied environmental sustainability to the rural development initiative Haya Karima “or Decent Life” and choosing the village of Fares in Aswan as a model.
It directed a total of 144.2 billion pounds to the transport sector within 4 years to implement several projects, including the electric train.
A total of 39.4 billion pounds were directed for agriculture and irrigation within 4 years to implement projects, including the rehabilitation of canals and the protection of beaches.
While a total of 2.3 billion pounds were allocated for the environment improvement sector within 3 years to develop the solid waste system.