Hala El Said
The ministry's report outlines foundational principles guiding development directions, priorities, and policies in line with Egypt's Vision 2030 and its overarching goals and development strategy
The Planning Minister stated that these deals will encourage tourism, which is within the goal of attracting 30 million tourists annually, increase revenues in foreign currency and boosting the private sector's activities.
The Sovereign Fund of Egypt (TSFE) is working for luring green infrastructure investments, Saeed noted in her remarks for the conference, organized by "Irada" in cooperation with the African Development Bank Group (AfDB).
The minister is due to meet with a number of ministers of economy and planning from various countries including Saudi Arabia and will hold meetings with CEOs of companies and banks taking part in the gathering.
The Egyptian economy grew by 6.6 percent in the 2022/2021 fiscal year, compared to 3.3 percent in the previous year, as the economy grew faster than the government had expected, initially projecting 6 percent-6.2 percent.
Egypt’s Planning and Economic Development Minister Hala el Said affirmed that the State gives top priority to the file of climate change adaptation.
El-said emphasized Wednesday the importance of cooperation and making way for the private sector.
The main axis of the economic reform program is to increase the relative weight of the sectors of manufacturing, agriculture, communications and information technology, according to Minister of Planning Hala El-Said.
Egypt’s Minister of Planning Hala El-Said highlighted on Monday the priority the Egyptian state attaches to gender equality and women's empowerment as she addressed a forum in Dubai on leadership.
El-Said added that the growth rate in Egypt amounted to 9 percent in the first half of the fiscal year.
Said put the volume of public investment during 2021-2022 at about LE 933 billion, noting that this is a 46 percent rise compared to the previous year.
This came in a report that is recently issued by Ministry of Planning on the national project for the development of Egyptian rural villages, entitled “Decent Life”.
The minister explained that the trade balance deficit during the period from January to March 2021 amounted to about $9.6 billion, compared to $9.7 billion in the corresponding period in 2020.
El-Said clarified that the average growth rate during the first nine months of the fiscal year hit about 1.9 percent, compared to about 5.4 percent in the nine months of 2019/2020.
She expected the net value of foreign direct investments (FDIs) to reach seven billion dollars during the year of the plan, noting this way it should be approaching pre-Covid levels.
IMPROVING CITIZENS' LIFE IS THE MOST IMPORTANT GOAL OF EGYPT'S SOCIAL AND ECONOMIC PLAN: PLANNING MINISTER
El-Said added during Human Rights Conference… "Building a Post-Pandemic World" that the global economy witnessed contraction of 3.9% during 2020 due to the repercussion of COVID-19, El-Said stated, noting that the global economy lost around $5.8 trillion during the crisis year.
Erada is a unit affiliated to the Cabinet and directly supervised by the planning ministry.
This came during a joint meeting between the Ministers of Planning, Manpower and Solidarity with the participation of, Minister of Manpower, Mohamed Saafan, Minister of Solidarity Nevine al-Kabbaj, Head of the National Council for Women Maya Morsy.
About 43% of the administrative system was taken over by women; only 27% to 28% occupying leading roles, the Minister said.