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Home Business

Green public investments up to 50% in FY 2024/2025

by Gazette Staff
November 10, 2023
in Business, Egypt
Egypt’s Minister of Planning and Economic Development Hala el Saeed

Egypt’s Minister of Planning and Economic Development Hala el Saeed

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CAIRO – Egypt’s Minister of Planning and Economic Development Hala el Saeed asserted the National Initiative for Green Smart Projects is part of the Egyptian state’s plans to include the environmental and climate dimensions in the state’s action plans to attain sustainable development in accordance with Egypt Vision 2030 goals.

One of the strategic aims is the fulfilment of an integrated and sustainable ecosystem, she added in her address to the second national conference of the initiative, held under the sponsorship of President Abdel Fattah El Sisi and with the attendance of the premier and a number of ministers, governors, international officials and respective figures.

Saeed added the state seeks to scale up green public investments in the investment plan of Fiscal Year 2024/2025 to 50% from 40% this year.

The aims of the initiative come in line with goals of the National Strategy for Climate Change in Egypt 2050 through the allocation of public investments to climate change adaptation and mitigation efforts, according to her.

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