The Head of Parliament’s Defense meets the Minister of Planning to discuss the implementation of investment projects in the governorates
Today, Representative Major General Ahmed Al-Awadi, Chairman of the Defense and National Security Committee in the House of Representatives, met with Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, at the Ministry’s headquarters in the New Administrative Capital.
At the beginning of the meeting, Dr. Rania Al-Mashat welcomed , by Major General Ahmed Al-Awadi, stressing the vital role played by the House of Representatives at the legislative level, discussing and following up on the implementation of the economic and social development plan, as well as implementing international partnerships with multilateral and bilateral development partners.
For his part, Representative Major-General Ahmed said Al-Awadi said that the meeting with the Minister of Planning and International Cooperation witnessed an exchange of visions about the government’s efforts in the current period to consolidate the foundations of macroeconomic stability and enhance development efforts, amid regional challenges and global economic tensions.
The representative, Major General Ahmed Al-Awadi, pointed out that The Egyptian state is striving to improve the investment climate, and The government is well aware that Investment is not just an economic activity, but rather the backbone of achieving sustainable development by 2030, creating new job opportunities, and enhancing the economic strength of the Egyptian state.
Major General Ahmed Al-Awadi stressed, The focus on the governorates as part of the state’s investment strategy represents a qualitative shift in Egypt’s economic policy, as Investing in the governorates not only contributes to achieving a fair distribution of development returns, but it also contributes to advancing economic growth in the areas most in need, which strengthens the cohesion of the country’s social and economic fabric.
The representative, Major General Ahmed Al-Awadi, explained, The governorates of the Republic receive the attention of the political leadership to bring about a qualitative shift in the services provided and improve the standard of living of its residents, with a commitment to applying standards of efficiency and effectiveness in determining investment priorities and ensuring fair distribution in order to maximize the return on public investments.
The head of the committee added Defense and National Security in the House of Representatives said that some aspects related to the implementation of investment plan projects in the governorates were discussed, which witnessed confirmation from Dr. Rania Al-Mashat of the government’s keenness to advance economic development efforts and achieve integration between local and external funds and resources in order to increase the efficiency of investment spending and enhance Its effectiveness, and in this context, a financing formula is applied to distribute investments to the different governorates, taking into account different needs, priorities, and many dimensions that ensure equitable distribution of investments.
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