Minister of Planning
She noted that the number of development projects in Minya governorate reached 327 projects.
In a statement, Saeed said the new allocations come as part of the political leadership's interest in carrying out more national projects to better serve citizens.
This came in the Ministry of Planning and Economic Development’s mid-term report to monitor and evaluate the impact of the "A Decent Life" presidential initiative.
Saeed added that the number of development projects in Assiut Governorate reaches 392 projects in the Citizen Investment Plan in 2020/2021.
In a statement released on Sunday, El Saeed said the facility is expected to treat 5 million cubic meters of water per day to reclaim and cultivate around 400,000 feddans in the east of Suez Canal.
El-Saeed noted that the nominal value of the document is LE 10, with a minimum of LE 1,000 for purchase.
The funds were received in the period between August 2018 and December 2020, said Planning Minister Hala el Saeid in a statement Tuesday.
According to the minister, the two companies are National Petroleum Company (NPC), and the National Co. for producing natural water (Safi).
The amount represents 25 percent of the total governmental investment distributed and represents 50 percent of 2019/2020 plan, she said.
El-Saeed clarified that there are a number of companies owned by the armed forces out of these companies.
This came in a statement of the Ministry of Planning on Wednesday on the meeting that was held via video conference.
The ministry noted that the plan comes as part of the continuation of the citizen's plan across Egypt for the second consecutive year. It intends to activate community participation and involve citizens in planning and follow-up.
It approved an amount of LE 69.67 million to reinforce the plan of the Ministry of Electricity and Renewable Energy for the fiscal year 2020/2021.
El-Saeed explained, in a statement, that the poverty rate in Egypt fell to 29.7 percent during the fiscal year of 2019/2020, compared to 32.5 percent in 2017/2018.
Rather, the ministry is committed to following up on these projects to identify any workflow barriers and provide all necessary support to remove them.
Launching the awards last year in May, Sheikh Mohammed said: “The Arab League can play a major developmental role for the region. The Arab Government Excellence Award aims to create a new development movement in the Arab World.”
this sector in Egypt faces many basic challenges that require reducing dependence on fossil fuels in energy production, and the trend towards the use of renewable energy as an alternative.
“Public investments in Sohag Governorate are distributed across different sectors, as LE 2.5 billion is allocated to the housing sector, utilities and urban communities, LE 1.56 billion for the local development sector, LE 494.6 million for the education and technical education sector, LE 444 million for the health and population sector, in addition to LE 240 million for higher education and LE 640.4 million for other sectors."
Saeed said that developing the human resources became a cornerstone to achieve future comprehensive development.
These investments are split into three parts: real estate activities constitute the largest part at a rate of 45.6 percent (LE 62.1 billion), while 28.5 percent of investment (LE 38.9 billion) goes to construction works, and 25.9 percent (LE 35.3 billion) goes to water and sanitation projects.