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Egyptian Economy News ... Development funds worth 443 million dollars for transport and the environment



Today, Saturday, 03/13-2021, news of the Egyptian economy varied, most notably the World Bank’s approval of a $ 440 million development fund to finance the state’s plan to develop the railway sector.


International Cooperation: Development funds worth 443 million dollars for the transport and environment sectors


During the past week, the corridors of the Ministry of International Cooperation witnessed several events and developments at the level of international partnerships that the Ministry seeks to implement towards its endeavor to implement the national development agenda. The state’s plan to develop the railway sector, and Al Mashat witnessed the signing of an agreement between the Japanese embassy and the United Nations Industrial Development Organization (UNIDO) for the benefit of the Ministry of Environment with a value of $ 3.5 million in the framework of combating plastic pollutants; In another context, the second meeting of the technical committee for the purification project of the Kitchener Bank was held at the headquarters of the Ministry of International Cooperation. The Ministry also celebrated International Women's Day by announcing details of international partnerships within the framework of empowering women, and the Minister of International Cooperation participated in a symposium at the American University in the framework of the celebrations of International Women's Day, and the details of the harvest.


Enterprise development: handicrafts are our priority and 60% of the "bazaar" exhibitors are taking part for the first time


Nevin Jameh, Minister of Trade and Industry and CEO of the Small and Medium Enterprises Development Authority, expressed the happiness of the owners of the enterprises participating in the Bazaar exhibition, with the generous visit of Mrs. Intisar Al-Sisi, the wife of the President of the Republic, to the exhibition, which confirms the state's continuous support for its children working in the small and micro enterprises sector Especially the handicrafts and traditional arts projects, encouraging them to continue, increasing production, developing it, and transferring their expertise and artistic creativity to future generations to preserve these unique and distinguished industries that have no parallel in the world and that contribute to clarifying the Egyptian cultural identity and our ancient history.


She indicated during her visit yesterday to the Bazaar exhibition, that the agency is keen to continue organizing this type of exhibitions and choosing new and distinguished projects that have not previously participated in the device’s exhibitions to ensure that the largest number of project owners benefit in marketing their products.


Details of implementing 5800 housing units in social housing and "housing all Egyptians" in Sadat


The New Urban Communities Authority announced that projects will soon be completed in Sadat City.


The authority is implementing 1740 housing units in the social housing project in Al-Firdous district, within the fourth phase of the social housing project, where the finishing works for the units, site coordination and agricultural works have been completed, in addition to connecting the buildings with water, sewage and electricity facilities, so that the units are ready for delivery, in addition to 4,060 units. Residential areas in Al-Nour neighborhood, part of which is within the fourth phase of the social housing project, and the other part is within the units of the presidential initiative "housing all Egyptians", where the services buildings that are being implemented in the neighborhood were inspected and include "a basic education school, a health unit, a commercial market, a triple playground, a building." A nursery, with completion rates of about 85%, and praised the self-implemented landscaping works in the neighborhood.

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