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The Ministry of Irrigation and Water Resources joined forces with the Faculty of Engineering at Cairo University, and the people of Siwa Oasis to carry out the "Developing the Irrigation and Drainage System in Siwa Oasis" project at a cost of three billion LE, in an effort to put radical solutions to problems that have been going on for 30 years.
Planning and Economic Development Minister Hala al-Saeed, Environment Minister Yasmine Fouad, and Local Development Minister Hesham Amna signed an agreement Sunday with Chairman of the Board of Directors of the Arab Organization for Industrialization (AOI) Mokhtar Abdel Latif to implement projects at a total cost worth EGP 565 million.
Egyptian President Abdel Fattah Al-Sisi thanked the UAE and its President, Sheikh Mohammed bin Zayed, for the vast Emirati investment deal as part of the Ras el-Hekma project. On Friday, Egypt signed an investment partnership agreement with the United Arab Emirates to develop the Ras al-Hikma peninsula west of Alexandria, with investments worth $150 billion. It includes pumping about $35 billion in direct foreign investment into the Egyptian treasury within two months.
Prime Minister Mostafa Madbouly said the development project of Ras al-Hikma city on the North Coast is the biggest foreign direct investment deal in Egypt's history.
World Food Programme (WFP) and the Korea International Cooperation Agency launch support for sustainable livelihoods for refugees and host communities in Egypt