Hala el Saeed
She indicated that the number of development projects in the governorate reached 327 projects.
“This comes as part of the implementation of the first and second phase of the national project for the development of Egyptian villages, "A Decent Life”,” el-Saeed clarified.
El-Saeed, affirmed her ministry’s keenness to direct public investments towards developing the infrastructure, especially the sectors of “transport, drinking water and sanitation, and electricity services.
The unemployment rate decreased to 7.3 percent in the first quarter of the current fiscal year, compared to 9.6 percent in the fourth quarter of 2019/2020.
The ceremony took place in the presence of Director General of the Arab Organization for Administrative Development (ARADO), Nasser Al Qahtani, the organization's officials and the Ministry's leaders.
The figure reflects an increase of 38 percent compared to the sum the governorate received in FY 2019/20.
El-Saeed added Sunday that the number of development projects on the citizen's investment plan in the Suez governorate reached 163 projects
The planning minister, in an output report Sunday, said 31 percent of the projects have been established in Upper Egyptian and border cities at a total cost of LE 21.8 billion.
She noted that the number of development projects in Minya governorate reached 327 projects.
In a statement, Saeed said the new allocations come as part of the political leadership's interest in carrying out more national projects to better serve citizens.
This came in the Ministry of Planning and Economic Development’s mid-term report to monitor and evaluate the impact of the "A Decent Life" presidential initiative.
The cost of the Lake Mariout rehabilitation project amounted to about LE 236.250 million, divided into three tranches, as the first and second tranches were approved during the year 2020.
Saeed added that the number of development projects in Assiut Governorate reaches 392 projects in the Citizen Investment Plan in 2020/2021.
In a statement released on Sunday, El Saeed said the facility is expected to treat 5 million cubic meters of water per day to reclaim and cultivate around 400,000 feddans in the east of Suez Canal.
The funds were received in the period between August 2018 and December 2020, said Planning Minister Hala el Saeid in a statement Tuesday.
El-Saeed added that LE 28.4 billion out of the government investments are funded by the public treasury, with an increase of 29 percent.
According to the minister, the two companies are National Petroleum Company (NPC), and the National Co. for producing natural water (Safi).
The amount represents 25 percent of the total governmental investment distributed and represents 50 percent of 2019/2020 plan, she said.
El-Saeed clarified that there are a number of companies owned by the armed forces out of these companies.
Such investments go in line with the government's strategy to diversify its economic resources within the framework of the second stage of the economic reform program.