Investments
Aslanov said on Monday that combined Russian investments in Egypt reached nearly $8 billion by the end of 2020, with special focus on energy.
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.
President Abdel Fatah al-Sisi expressed his appreciation for the efforts of the French Ministry of Economy and Finance in boosting bilateral trade relations.
This came during the Minister’s review of the objectives of the transport sector in 2021-2022, the draft sustainable development plan for the fiscal year 2021-2022.
The Egyptian economy has overcome the crisis of Covid-19, passing the test of its economic reform, according to a study by the Egyptian Center for Strategic Studies.
The villages, selected for this development phase of the initiative, experience above 68 percent of poverty rate.
Entering its third year, the Human Capital Project includes over 80 countries working to invest in human capital for a “green, resilient, and inclusive recovery," she said.
“Collective global solidarity creates the necessary space for an inclusive and sustainable environment that is resilient to future shocks” said Al-Mashat.
Ministry of Planning stated that the first phase of the Decent Life Initiative was launched at the beginning of the fiscal year 2019/2020, to cover the poorest 143 villages, followed by coverage of the poorest 232 villages in the year 20/2021, where 375 villages were covered with beneficiaries exceeding 4.7 million citizens.
The new investments include $ 100 million to buy minority stakes in the subsidiary company, in addition to acquisitions and the establishment of new economic entities.
The "Follow-up of Citizen in the Governorates" report includes an inventory of the projects that were fully completed during the years (18 / 2019-19-2020) and linking them to the sustainable development goals.
Al-Eter added in a statement, Monday, that the company has proposed a 14-floor commercial and administrative medical tower project in the downtown at the administrative capital, with a total investment of LE4 billion.
The company which is an Egyptian-Kuwaiti partnership, targets about LE 1.5 billion in sales from the project.
Hassan ElSharbatly explained that about $ 2 billion had been invested during the last 15 years of the company's work in Egypt, according to the government statement.
Lashin added in a statement, that the company aims to achieve about LE 900 million in sales from its projects during the current year 2021.
This came in the first issue of the "Follow-up to the Citizen Plan in the Governorates" report during the years (18 / 2019-19-2020), which includes an inventory of the projects that were fully completed during the same period, and linking them to the sustainable development goals.
Head of the North Sinai Reconstruction Zone Nagi Ibrahim Mohamed said that such projects aimed at improving the living conditions of Sinai residents and establishing urban communities in the peninsula.
On the other hand, the Egyptian Natural Gas Company (GASCO), one of the companies in the petroleum sector, signed a contract to supply Dahshur 5 and 6 compressor units with a Spanish company.
The company was seeking to enter the Egyptian market in 2020, but the coronavirus pandemic hindered this matter, and plans to enter it were postponed until this year.
Molla stressed the need to improve the health, safety and industrial security systems, while maintaining precautionary measures on all sites, a statement by the Petroleum Ministry said Monday.
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