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Egypt to implement 691 green projects this year

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· During the fiscal year 2020-21, Egypt will implement 691 green projects with a total cost of LE 447.3 billion, according to Minister of Planning Hala el-Saeed.

· These projects will cost LE 36.7 billion in 2020-21 plans, which represents 14 percent of the total public investments distributed in the plan

During the fiscal year 2020-21, Egypt will implement 691 green projects with a total cost of LE 447.3 billion, according to Minister of Planning Hala el-Saeed. These projects will cost LE 36.7 billion in 2020-21 plans, which represents 14 percent of the total public investments distributed in the plan.

The minister pointed out that the proceeds from the issuance of green bonds could be used to finance current or future projects in the year. She underscored that environmental standards are being defined and must be observed by all concerned parties when preparing investment projects included in the economic and social development plan.

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