CAIRO, Oct 19 (Arab News): Almost 700 green projects have been included in Egypt's fiscal plan for 2020-21, at a total cost of EGP447.3 billion ($28.4 billion).
The 691 projects represent 14 per cent of the plan's total public investment, Minister of Planning and Economic Development Hala Al-Saeed said, and the ministry is aiming to increase this figure to 30 per cent for 2021-2022.
She added there were incentives for ministries to move toward green projects by prioritizing financing for them.
The ministry held workshops to discuss a guide on sustainability standards that aligns with the government's interest in expanding sustainable development into its planning system.
Mohamed Farid, head of the infrastructure sector at the ministry, said that projects meeting environmental sustainability criteria would be prioritized over other projects at the evaluation stage.
Jamil Helmy, assistant minister of planning and economic development for follow-up affairs of the sustainable development plan, said that six workshops were organized with several ministries.
Egypt to launch 691 green projects in 2021
FE Team | Published: October 19, 2020 23:32:28
Egypt to launch 691 green projects in 2021
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