Egypt’s shift to green economy in FY 2021/22 is ‘priority’

Egypt’s Minister of Planning and Economic Development Hala El-Said has said that the fiscal year (FY) 2021/22 investment plan is distinguished by its great attention to the environment and sustainable development.

The plan also addresses the issue of the transition to a green economy with a focus on environmental improvement initiatives, El-Said added.

The minister added that the state is keen to double green public investments from 15% in FY 2020/21 to 30% in the FY 2021/22 investment plan. This will increase to 50% by the end of 2024/25, with a priority in financing green initiatives and projects.

This is within the framework of the government’s vision and orientations for a green recovery, and for Egypt to have the lead in the Middle East in terms of turning the state’s plan green.

The minister’s remarks came during her attendance at the Senate plenary session, headed by Senate President Counsellor Abdel Wahab Abdel Razek, on Monday, which was also attended by Senate members.