In a coordination meeting, the
two ministers have discussed mechanisms for
implementing the economic development aspect of the "Decent Life" initiative.
Cairo- Oct 14,
2021
Minister
of Planning and Economic Development Hala Elsaid and Minister of Trade and
Industry Nevine Gamea have met to discuss the executive plan for the economic
development aspect of presidential initiative "Decent Life", launched
to improve the quality of life in the poorest rural areas within the framework of Egypt Vision 2030.
The
meeting explored means of creating jobs for the people of targeted villages within
the economic development aspect of the initiative, and setting up a mechanism
to coordinate efforts in this area, whose implementation is supervised by the Micro,
Small and Medium Enterprises Development Agency, and a large number of
ministries, government entities and development partners.
Elsaid
stressed that work is being done not only to create job opportunities, but to
ensure their sustainability and improve income levels for residents of these
villages.
“Decent
Life is the largest development initiative in the world in terms of funding which
amount to EGP700 billion over three years, and beneficiaries, of some 58
million citizens,” Elsaid noted.
The
minister stressed that the economic development aspect aims primarily at
providing job opportunities through small and micro projects, building supply
chains and supporting medium industries, as well as maximizing the comparative
advantage in each village for the benefit of its residents.
“The
necessary measures are being taken to establish industrial, craft and
professional complexes in the targeted villages, being one of the pillars of the
ministry's action plan to promote industrial development, increase the
contribution of the industrial sector to the GDP, offer jobs and meet the
market needs,” she added.
The
minister pointed out that detailed studies have been completed on the economic
potentials of 1,413 villages, and 150 industrial and agricultural indicative
feasibility studies have been conducted to suit the needs of the villages.