development
The meeting also addressed current projects underway as part of the cooperation portfolio between the two sides and Egypt's efforts to carry out the green transformation.
The international community and financial institutions should assume a bigger role in funding mega infrastructure projects through soft loans and blended and innovative financing, Minister of International Cooperation Rania el-Mashat said Friday.
The president was updated on developments of the New Administrative Capital, especially the residential neighborhoods, interior designs of Misr (Egypt) Mosque affiliated with the Egypt Islamic Cultural Center, encompassing halls such as Dar Al-Quran.
Over the past months, the presidential developmental initiative “Haya Karima” or [Decent Life] has made fundamental change at poor villages across Egypt, raising quality of life and providing essential services in a sustainable manner.
This shall be done while reviewing studies on countering the erosion phenomenon in order to protect the land, facilities, and investments along these coasts.
That was while inaugurating via video-conference Bahr Al Baqar Wastewater Treatment Plant, which is the world's largest.
It will serve the reclamation of 400 feddans (one feddan equals 4,500 square meters) in Sinai.
The budget allocated to the initiative is LE700 billion, and the number of beneficiaries is 58 million.
El-Said pointed to the second phase of the national economic reform program.
"The success of a decision depends to a great extent on its embracement and acceptance among the people," the Egyptian president added.
President Abdel Fatah al-Sisi was handed the report, titled "Development: A Right for All, Egypt’s Pathways and Prospects."
Some 4,741 villages in 26 governorates are witnessing widescale development as part of Haya Karima initiative. With over 18 million beneficiaries, the initiative comes in three phases.
The minister added that such cooperation has to include "reconstruction and post-conflict development endeavors."
Visitors of new Galala City will enjoy a wide range of leisure and recreation activities including: yachts, cable cars, dancing fountain, gym, central park and theatres, based on TV remarks by three projects supervisors on the city’s coastal resort.
That was during his participation via video-conference in the first meeting of the International Forum on COVID-19 Vaccine Cooperation.
The city includes complexes for cinemas, restaurants, an open Roman theater for concerts and musical performances, and an opera house, in addition to training halls and exhibition halls.
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 President directed the government to complete it in order to integrate with the national projects in this region.
Despite the coronavirus pandemic, the ministry was keen on stabilizing the tax policies, noting that Egypt was at the forefront of countries that applied e-bill system.
El-Said added that during the period between July 2014 and June 2020, projects worth LE 2.4 trillion were completed in 22 sectors across Egypt.
