Dangote refinery seeks US crude boost    Taiwan's tech sector surges 19.4% in April    France deploys troops, blocks TikTok in New Caledonia amid riots    Egypt allocates EGP 7.7b to Dakahlia's development    Microsoft eyes relocation for China-based AI staff    Beyon Solutions acquires controlling stake in regional software provider Link Development    Asian stocks soar after milder US inflation data    Abu Dhabi's Lunate Capital launches Japanese ETF    K-Movement Culture Week: Decade of Korean cultural exchange in Egypt celebrated with dance, music, and art    MSMEDA chief, Senegalese Microfinance Minister discuss promotion of micro-projects in both countries    Egypt considers unified Energy Ministry amid renewable energy push    President Al-Sisi departs for Manama to attend Arab Summit on Gaza war    Egypt stands firm, rejects Israeli proposal for Palestinian relocation    Empower Her Art Forum 2024: Bridging creative minds at National Museum of Egyptian Civilization    Niger restricts Benin's cargo transport through togo amidst tensions    Egypt's museums open doors for free to celebrate International Museum Day    Egypt and AstraZeneca discuss cooperation in supporting skills of medical teams, vaccination programs    Madinaty Open Air Mall Welcomes Boom Room: Egypt's First Social Entertainment Hub    Egypt, Greece collaborate on healthcare development, medical tourism    Egyptian consortium nears completion of Tanzania's Julius Nyerere hydropower project    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    AstraZeneca injects $50m in Egypt over four years    Egypt, AstraZeneca sign liver cancer MoU    Swiss freeze on Russian assets dwindles to $6.36b in '23    Climate change risks 70% of global workforce – ILO    Prime Minister Madbouly reviews cooperation with South Sudan    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Government finalises organisational structure responsible for ‘1m acres' project: Cabinet
Published in Daily News Egypt on 15 - 04 - 2015

An organisational structure responsible for implementing the ‘1m acres' project was established in a cabinet meeting with Prime Minister Ibrahim Mehleb.
A cabinet report on Wednesday stated that different aspects of the project were discussed, and an organisational structure and the ideal methods to direct the project were established. The period of time, the legislative framework, the costs needed to implement the project were determined and suitable funding methods were suggested.
The ‘1m acres' project is one of President Abdel Fattah Al-Sisi's national projects. Al-Sisi aims to expand Egyptian urban land through improving zones which are included in the national plan to reclaim 4m acres.
The project aims to create new outlooks for sustainable development and establish modern societies which depend on agriculture as a main economic base and that can integrate with the rest of the economic constituents.
According to cabinet spokesman, Hossam El-Kawish, the Egyptian Council for Sustainable Development (ECSD) will head the organisational structure of the project. The structure then includes the owner of the project, represented by the concerned ministries and finally the main developers of the project, represented by the shareholder companies whether youth or investors in the agriculture or industrial sectors. The Social Fund for Small and Medium-sized Enterprises will be responsible for funding the project.
El-Kawish states that the main developer system was selected as it is considered the best way to direct the project. It balances between development, investment and providing tools to fund this project on many levels in order to improve the economic income. Once this is achieved, the project can fund itself.
During the meeting, an agreement was reached to continue implementing the project with priority to projects concerning the development of the 1m acres in West Minya, Toshka, Al-Farafrah. These areas represent a model for agricultural integrated urban communities.
Al-Kawish said that Mehleb ordered the Minister of Planning to quickly complete implementation steps concerning the establishment of the national company which will manage the project. The Minister of Housing, Mostafa Madbouly, was also ordered to start fulfilling the needs for these zones, referring to the housing units, utilities, roads and infrastructure.
All these achievements will attract youth and investors to relocate to these zones to support the project and help create developed and integrated urban communities.


Clic here to read the story from its source.