MOIC intends to provide security water projects worth $4.7B



Mon, 30 Oct 2023 - 04:49 GMT


Mon, 30 Oct 2023 - 04:49 GMT

Minister of International Cooperation, Rania Al-Mashat, revealed the ongoing development portfolio of the Ministry of International Cooperation (MOIC) includes establishing clean water projects worth $4.741 billion. This announcement was made during her participation in the Water Investment Forum.

As part of its commitment to ensuring clean water access for the Egyptian population, the Ministry aims to implement 30 water security projects, accounting for 19.5 percent of the overall official development aid portfolio. Specifically, these projects include 9 initiatives for the Ministry of Irrigation and 21 initiatives for the Ministry of Housing.

Al-Mashat took part in the inaugural session of the Water Investment Forum, held as a collaborative effort between Egypt and the European Union. The forum was organized by the European Union as part of the activities for the 6th edition of Cairo Water Week.

During her participation, Al-Mashat emphasized Egypt's dedication to strengthening international partnerships with both multilateral and bilateral development partners in the water sector. These collaborations are built upon the principles of national ownership and aligned with Egypt's priorities.

The MOIC minister highlighted the launch of Egypt's National Strategy for Sustainable Development, known as Egypt Vision 2030, as well as the National Strategy for Climate Change 2050. These initiatives aim to enhance investments in the water sector.

The Minister also mentioned the introduction of Egypt's Country Platform for the Nexus of Water, Food, and Energy (NWFE) during the COP27 climate conference. This platform plays a vital role in coordinating efforts to enhance water security and promote sustainable development in Egypt.

Earlier in October, the MOIC reported that within the framework of Egypt's Country Platform NWFE, Egypt will implement renewable energy projects with a total capacity of 10 gigawatts and investments of $10 billion within 5 years. This will replace 10 thermal power plants with a capacity of 5 gigawatts.




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