development
Egypt Today reviews benefits of Egypt's joining of BRICS agreement in light of the parliamentary report of the Economic Affairs Committee.
The ministers of foreign affairs of Egypt and China held Sunday a joint press conference, as Minister Qin Gang is visiting Cairo within an African tour.
The Suez Canal Economic Zone (SCZone) announced on Saturday that the development plan of Al-Arish Port in northeastern Egypt will be concluded in 2024.
The plan directs that Central Upper Egypt region to have the largest percentage of 59.2% of government investments directed to the governorates of Upper Egypt at a value of 28.6 billion pounds, followed by the North Upper Egypt region at 23.7% at a value of 11.4 billion pounds, and finally the Central Upper Egypt region at 17.1%, at a value of 8.2 billion pounds.
This includes the number of homes of the most vulnerable families targeted to raise their efficiency, which amounts to 124 thousand homes.
The agricultural and land reclamation sector accounts for the largest proportion of the total government investments directed to North Sinai Governorate.
This visit is part of the Team Europe campaign.
The president's statement came during the inauguration of New Mansoura City.
"This aims to mobilize the state’s capabilities to immediately address, control, and end the various emergency reports by the citizens, as well as all crises and emergency incidents, harnessing the state-of-the-art communication technology," Rady explained.
As per the deal, the Kuwaiti Fund would grant 750,000 dinars (($2.5 million) to prepare a feasibility study for establishing a railway connection between Egypt and Sudan.
Under the presidential initiative 'Haya Karima,' Upper Egypt's governorate of Luxor is witnessing full-swing development works in 1,500 villages.
Egypt's nation-wide development initiative "Haya Karima" has implemented 690 projects in Qena governorate.
The village is an integrated sports city established per international standards on a 350,000-square-meter land to include many sports facilities for a range of different games, according to a report issued by the SCA.
Giza Governorate is living its best era with the first phase of the Haya Karima [Translates into Decent Life] initiative, which was a rescue locomotive that changed the lives of more than a million citizens in 42 villages in the El-Saff and Atfih centers.
Minister of Transport Kamel al-Wazir made the statement Wednesday.
The conference has as main goal acquainting non-resident Egyptians with ongoing development plans and investment opportunities so they would make effective contributions.
The plan aims to continue reducing the illiteracy rate to 17 percent in 22/23 compared to 19 percent in 21 /22.
The report indicated that the budget spent until Decent Life's launching in 2021 amounted to LE 100 billion.
"The government aims to attract $10 billion in foreign direct investments a year," he said, adding that the State Ownership Policy and the Golden License will empower the private sector to raise its contribution rate to 50 percent of the GDP within three years.
"The government aims to attract $10 billion in foreign direct investments a year," he said, adding that the State Ownership Policy and the Golden License will empower the private sector to raise its contribution rate to 50 percent of the GDP within three years.
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