The government approved on Thursday the unified planning law, which is the first of its kind since the issuance of the 2014 Constitution - Photo Courtesy/ Soliman el Oteify The government approved on Thursday the unified planning law, which is the first of its kind since the issuance of the 2014 Constitution - Photo Courtesy/ Soliman el Oteify

LE 11.3 bn investments in most needy villages: Planning Ministry

By: MENA
Tue, Aug. 6, 2019
CAIRO, Aug 6 (MENA) - Egypt has carried out investments in 158 most needy villages at the cost of LE1.3 billion during 2018/2019 to benefit 2.5 million citizens in five governorates, said Deputy Minister of Planning and Administrative Reform Ahmed Kamaly on Tuesday.

Improving the infrastructure of governorates is a pivotal step for luring investments, he added in a statement issued by the Ministry of Planning.

The country has two kind of economies; the official and the unofficial, he said, adding that that the employees of the unofficial economy account for 50 percent of Egypt's manpower and 40 percent of its GDP.

Merging the unofficial economy with the state's official economic system contributes to fighting poverty, Kamaly also said, noting that new laws are set to be introduced to help in the merging process.

As for poverty rates nationwide in the year 2017-2018, the deputy minister said that the highest rate was recorded in the Upper Egypt governorate of Assiut, followed by the neighboring Sohag.
 
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