Green Projects
Dr. Yasmine Fouad, Minister of Environment, confirmed that during the coming period, youth and people who are differently abled will be supported through the Ministry’s electronic platform for environmentally friendly products.
The conference is held under the auspices of President Abdel Fattah El Sisi in the presence of Planning Minister Hala El Saeed and International Cooperation Minister Rania Al Mashat.
The Egyptian state has put in place a package of incentives to encourage green projects.
The meeting, attended by a large number of ministers and officials, reviewed preparations for hosting the conference, according to a statement by the Cabinet.
The canal lining project is one of the projects with economic and environmental returns that the state is implementing within the projects of a decent life at the level of Egyptian villages.
He stressed that this will contribute to opening new horizons for development partnership with the private sector, which will help move the wheel of the economy and create more job opportunities.
About 30 percent of the projects in the current fiscal year will be green with the aim to up the percentage to 40 in the coming fiscal year and reach the aspired 50 percent in 2024-2025.
Planning Minister Hala el Saeid Sunday unveiled details about the MTP, which, she said, will also allow a bigger private sector participation starting from outline to implementation.
Minister of Planning and Economic Development Hala El Saeed said 30 percent of the government’s investment plan for the current fiscal year cover green projects, adding that the government is targeting to increase the ratio to 50 percent by the fiscal year 2024/2025.
Egypt has set a number of green projects to accomplish within its Vision 2030.
El-Said stressed the importance of taking practical steps to implement the "environmental sustainability standards" guide, by spreading the culture of sustainability, and defining mechanisms for monitoring performance indicators for all sectors.
“Financial provision for these projects amounted to LE 36.7 billion in 2020/2021 plan, which represents 14 percent of the total public investments distributed in the plan."
