Egypt prepares to launch $120 billion projects

Egypt is preparing to launch more than 20 investment projects during the Conference of the Parties to the United Nations Framework Convention on Climate Change “COP 27” next November related to the green economy.

According to sources in the Ministry of Planning, the total cost of these investment projects is more than $120 billion.

The sources added that the project plan, which the ministry intends to present to investors, is still being finalized and the final version will be announced at a later date.

She continued: Egypt hopes that through COP27, all climate action actors will come together to demonstrate their commitment to achieving climate change mitigation, adaptation and financing goals.

According to government reports, Egypt intends to play a leading role in global efforts to fight climate change, which requires bold and immediate action and heightened ambition from all parties around the world.

According to a separate report from the Ministry of Planning published last July; Egypt is at the forefront of countries in the region that have launched the National Strategy for Disaster Risk Reduction (2017-2030) to respond to domestic, international and regional changes; In order to reduce disaster risks and in 2018 in Egypt, a new department called “Strategic Management” was created in all departments of the state administrative apparatus, which consists of 4 departments, represented in the field of strategic planning and policy, project management, subsequent management. and assessment, crisis and disaster management, and risk reduction.

Source: Cairo 24

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