Latest in Tag: Hala Al-Saeed Highlight
Latest in Tag: Hala Al-Saeed

Egypt’s tourism revenues could reach $16bn in FY 2020 without COVID-19: Planning Minister
Hermes downgrades revenue estimation to $10.5-11bn, economist expects 20-30% drop

MCIT min. receives 20 projects after transferring digital transformation file
This comes after a decision by the Council of Ministers to transfer the obligations of the Ministry of Administrative Reform concerning digital transformation to the MCIT.

Egypt’s THARAA in talks with Oman Investment Fund for partnership: Hala Al-Saeed
Egypt reaps the fruits of economic reforms, says Minister of Planning

Egypt Vision 2030 consistent with SDGs: Planning Minister
Currency flotation, rationalising energy subsidies were necessary for social protection and local industry, says Al Saeed

Planning Ministry implements 6,200 projects costing EGP 490bn in FY 2018/19
Implementation costs of national projects in previous FY reached EGP 52bn, says Al-Saeed

Financial inclusion of Egyptian women increases to 27% in 2018: Minister of Planning
During the Arab International Women’s Forum on Tuesday, Al-Saeed said the Egyptian government is always keen to direct 50% of finance activities to women.

Egypt capable of absorbing more investments in processed food industry: Minister of Planning
During the meeting the minister showcased how the Egyptian investment climate had improved throughout years.

Tuesday was last day to repay first tranche of AIBank capital increase
First tranche estimated at EGP 500m, second at EGP 300m, repaid before March 2020

Egypt sovereign fund’s directors board to be formed next month: Planning Minister
Three Egyptians abroad, one local, compete for Executive Manager position

Egypt targets 6% economic growth in FY 2020
State’s total investment in next FY estimated at EGP 1.17tn

Egypt’s public investments reach EGP 1.5tn in last four years: Planning Minister
Africa’s needs are estimated at $170bn annually to implement infrastructural projects

SWF regulations to come into force immediately: planning minister
The issued framework for the planned EGP 200bn sovereign wealth fund (SWF), will come into force immediately, according to a report issued by the Minister of Planning and Administrative Reform, Hala Al-Saeed, on Sunday. According to the regulations published on Saturday in the Official Gazette, the fund, entitled “Misr Fund” would be an independent body …

Egypt target 10% industrial growth in FY 2021/22: Minister of Planning
State plans to reform country’s promising industrial sector to expand its production capacities, scope of services

Egypt implements EGP 175bn worth investment projects in H1 of FY 2018/19: Planning Minister
Economic growth expected to reach 5.7% by end of FY: Al-Saeed

Total governmental investments during Q1 of current FY amounted to EGP 27.4bn: Al-Saeed
Largest share of public investments went for infrastructure development, says minister of planning

Egypt targets to increase funding of SMEs to EGP 9.3bn by 2030: Al-Saeed
Total funding of SMEs amounted to EGP 15.2bn, during period from 2015 to September 2017, says minister

Planning minister reaffirms Egypt’s efforts on water security
Latest decrease in EGX will not affect governmental plans regarding IPOs programme, says Al-Saeed

No new appointments in government apparatus: Al-Saeed
Perhaps proposal is sort of employee dismissal strategy, says Kamel

Floating companies on EGX during Q4 2018: Al Saeed
Minister of Planning, Follow-up, and Administrative Reform Hala Al-Saeed said that the programme of the government IPOs is due to begin in the last quarter of 2018. Al-Saeed said in a press statement on the sidelines of the Egypt Government Excellence Conference held in cooperation with the United Arab Emirates, that there is no delay …

Sahar Nasr, Hala Al-Saeed, Naguib Sawiris expected to attend AWI meetings about Egypt in Paris
Nasr will discuss Macron’s planned visit arrangements with French officials next week

Egypt to launch its first sovereign wealth fund by end-2018: Al-Saeed
State to begin roadshow in H1 2019 to stimulate private investments, says acting planning minister

40% of Egyptian women to participate in labour market by 2030: Al-Saeed
Egypt’s Minister of Planning Hala Al-Saeed said on Saturday that the the Sustainable Development Strategy: Egypt Vision 2030 targets raising the participation rate of women in the labour market to 35% by 2020 and to 40% by 2030. She made the remarks during her meeting on Saturday with the UN Women country representative in Egypt, …

For first time, Egypt achieves investment rate over 46%: Al-Saeed
Investment rate in planning across different governorates is 80%, says minister of planning

Egypt sets highest growth rate in 8 years at 5.2% in H1 FY 2017/2018: Al-Saeed
8% growth targeted by 2021/2022, says minister of planning

Egypt targets 5.8% growth in FY 2018/2019, 7% in 4 years: Hala Al-Saeed
Egypt targets a growth rate of 5.8% next year and to reach a rate of 7% in the next four years, said Minister of Planning, Follow-up, and Administrative Reform Hala Al-Saeed, adding that, during the cabinet meeting on Sunday, she reviewed the main features of the state’s sustainable development plans. She explained that the key …

Sovereign fund for real estate sector to be launched soon: planning minister
Construction sector contributed 17.7% to last year’s growth rate

Government targets trillions in national project investments: Hala Al-Saeed
The Egyptian government aims to increase the value of total investments by 20%, in both the public and private sectors, and more importantly, in national projects, hoping to pass the one trillion-mark next year, said Minister of Planning Hala Al-Saeed. Al-Saeed said, during the fourth Builders of Egypt Forum on Sunday, that the value of …

NIB sends Finance Ministry 13 companies to float on EGX: El-Saeed
Hala Al-Saeed, minister of planning and chairperson of the National Investment Bank (NIB), said that several days ago, the bank sent the Ministry of Finance a programme of proposals for the Egyptian Exchange (EGX) of 13 companies belonging to different economic sectors. Finance Minister Amr El-Garhy said in previous statements that the ministry aims to …

58% targeted investments from private sector: Hala Al-Saeed
Minister of Planning, Follow-up, and Administrative Reform Hala Al-Saeed said that her ministry aims to boost private sector contribution in investments to 58% of the total investment, worth EGP 980bn, during the coming fiscal year. According to the minister, the value of private investments for fiscal year 2018/2019 will be about EGP 569bn, with public …

EGP 1.627bn allocated to restart urgent, stalled projects
Minister of Planning, Follow-up, and Administrative Reform Hala Al-Saeed approved the allocation of EGP 1.627bn on Wednesday for required investments to implement stalled and urgent projects across different governorates. In a press statement, Al-Saeed announced that this comes withing the framework of the state’s assistance for stalled projects, so they can contribute to the economy …