Projects
The meeting tackled procedures for activating the memorandum of understanding (MoU) that was signed with Petrojet to implement new petroleum projects in Equatorial Guinea, foremost of which a project to establish a new refinery.
This statement came during the statements of the Fund’s Executive Director Ayman Soliman in a meeting with the Prime Minister Mostafa Madbouli in the presence of the Planning Minister Hala El-Said and other officials.
The ministry’s current portfolio includes 85 projects worth dlrs 11.9 billion in the field of adaptation to climate change and cushioning its fallout; in a way that supports the country’s efforts to implement Sustainable Development Goal 13 (SDG 13): climate action, she added.
The Memoranda of Understanding are aiming to establish projects to produce green fuel and green ammonia in the Sokhna.
This came during the launch of the fifth edition of the follow-up report on program budgets and performance at the sectoral level, which covers the period from (2018-2019) to (2020-2021), reviews all development programs in various sectors, and links them to sustainable development goals.
El-Said said that the plan for the next fiscal year includes the construction of 10 transverse axes on the Nile, and the establishment of 18 overpasses.
In its 2021 annual report, the ministry said that the map sheds light on the distribution of projects funded by multilateral and bilateral development partners nationwide in all development sectors.
The ministry's portfolio includes 30 projects that support the seventh goal of the sustainable development goals, which is clean and affordable energy, with a value of $4.6 billion.
Mahmoud Al-Ammari, director of the Qena Branch of the MSMEDA stated that the initiative in Qena targets 5 centers, which are "Dashna, Al-Waqf, Farshout, Qus, and Abu Tshat".
This was stated in a book that features the State's achievements from June 30, 2014 to June 30, 2021.
The nation-wide developmental initiative “Haya Karima” has provided more than 550,000 temporary and permanent job opportunities as part of its work to develop the livelihoods of the countryside.
At a board meeting of the authority regulating drinking water and sewage, he added that his ministry is working to provide safe drinking water for the citizens while recycling drainage water to be used in other purposes.
Presidential directives also called for reducing air pollution rates and improving quality of air by decreasing harmful carbon emissions and rationalizing consumption of fuel, along with upping growth rates, creating new job opportunities and boosting the macroeconomics structure.
Egypt has a significant relationship with bilateral and multilateral development partners in Europe, as they contribute to the implementation of priority projects in a wide range of areas, including the water and wastewater, on both public and private sector levels.
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.
Egypt attaches great importance to strengthening cooperation in the field of electricity and energy with African countries, according to Minister of Electricity and Renewable Energy, Mohamed Shaker.
The ministry added that this comes within the framework of the joint economic relations between Egypt and Germany, which aims to support Egypt’s Vision 2030 and its endeavors to achieve the United Nations’ Sustainable Development Goals (SDGs).
The petroleum sector is currently implementing an integrated work program to develop and modernize the refining and petrochemical system in Egypt by raising the operating efficiency of the already existing refineries and adding new production units.
The Minister explained that the ODA-SDG map is accessible through the Ministry of International Cooperation’s website showcasing the allocation of the $25 billion development portfolio across 377 projects, along with detailed information on the location of each project and the SDGs it fulfills.
Nile Developments posted EGP1.2bn sales from its North 31 “Festival Towers", its first project in the New Administrative Capital, within two months.
