Egypt to launch 691 green projects in 2021

Egypt to launch 691 green projects in 2021

Egypt to launch 691 green projects in 2021

Egypt to launch 691 green projects in 2021

Minister of Planning and Economic Development Hala Al-Saeed. (Photo/social media)

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Egypt to launch 691 green projects in 2021

The government green bond issue, worth $750 million for five years, is the largest in the Middle East and North Africa, and the first of its kind on the exchange

Updated 18 October 2020

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CAIRO: 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 percent 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 percent for 2021-2022.

She added there were incentives for ministries to move