Egypt’s Prime Minister Moustafa Madbouli on Monday followed up the National Initiative for Smart Green Projects during a meeting with the Minister of Planning and Economic Development and the supervisor of the initiative Hala el-Saeed and the general coordinator of the initiative Hisham Badr.
The premier stressed the importance of this initiative that takes into consideration the environmental dimension and climate change and aims to draw up a map for green and smart projects nationwide and attract investments.
Hala el-Saeed presented a report showing that the total of projects introduced as part of the initiative reached 6,281 since admission opened on August 21.
She noted that 162 projects (six projects in each governorate) were chosen according to evaluation criteria. The selected projects cover waste recycling, climate change adaptation, population reduction, energy saving and sustainability.
Badr said a press conference will be held next month to announce the 18 winning projects, which will be displayed during the COP 27 conference in co-ordination with the ministries of foreign affairs and environment.
Prime Minister Moustafa Madbouli also presided over another meeting yesterday to follow up on the latest developments related to the initial public offerings (IPOs) programme.
The meeting was attended by Finance Minister Mohamed Maait, Minister of Planning and Economic Development Hala el-Saaed, Deputy Minister of Finance for Economic Affairs Sherine el-Sharkawy and Executive Director of the Sovereign Fund of Egypt (TSFE) Ayman Soleiman.
The finance minister reviewed progress made to implement the programme and the performance of the Egyptian Exchange (EGX).
He further underlined that the global stock market indexes of developed and emerging countries witnessed a general decline in their performance due to the exit of investors from property rights as an investment tool as a result of the world tightening monetary policies, the high inflation rates in the world, in addition to the Ukrainian-Russian crisis.
The executive director of the Sovereign Fund also reviewed the implementation of Egypt’s sub-fund for IPOs and the targeted timetable.
He noted that the fund was set up and the drafting of swap contracts has been finalised.
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