According to the World Bank, Egypt has risen to become the richest country in Africa measured by GDP, which stands at US$1.38 trillion
Haya Karima, which means Decent Life, is a national project to develop the Egyptian Countryside.
The National Project for Developing the Egyptian Countryside is an initiative estimated to cost US$1.1 trillion
The Richest Country in Africa
The National Project for Developing the Egyptian Countryside is an initiative estimated to cost US$1.11 trillion. This project will impact at least 1,350,366 households. President Abdel Fattah al-Sisi said in January 2021 that the projects would be complete in three years.
US$ 519.28 million of the total funding will come from the International Fund for Agricultural Development (IFAD).
IFAD is an agency of the United Nations dedicated to alienating poverty and hunger in developing countries across the globe.
The government that took power in 2014 inaugurated a series of projects to reignite Egypt’s economy. As a result, Egypt’s planning minister, Hala al-Saeed, expects the country’s economy to grow to 5.6 per cent in the FY2021-22.
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The drivers of Egypt economy are; gas extractives, agriculture, tourism, manufacturing, media, construction, petroleum imports, and ICT sectors.
One of the most creative and diverse projects in The National Project for Developing the Egyptian Countryside is the Haya Karima project. The National Project for Developing the Egyptian Countryside
Haya Karima Project
Haya Karima, which means Decent Life, is a national project to develop the Egyptian Countryside. President Fattah launched it on January 2, 2019, before being transformed into a national project in early 2021.
According to the initial reports, the developments as of the end of 2021 include:
- 2 million Egyptians benefitted from the development of unsafe areas that raised 246,000 housing units in 25 governorates, which cost approximately US$4.02 billion. According to the world bank, Egypt has risen to the wealthiest country in Africa measured by GDP, which stands at US$4.01 billion
- Egypt’s GDP growth. [Photo/Central Bank of Egypt]
- The government has completed the successful implementation of 500 electricity projects at the cost of US$91 million.
- One hundred forty-one sewage projects at the cost of US$99 million complete.
- President Fattah’s administration built one hundred health units costing approximately US$28.68 million. The state has in fact equipped the health centres to align to the current comprehensive health insurance model.
- Egypt has fulfilled the construction of 1,000 paving roads and bridges priced at US$24 million.
- The government completed three hundred eighteen projects in Luxor governate, Upper Egypt, costing an estimate of US$630 million.
Egypt’s Prime Minister, Mostafa Madbouly, referred to Haya Karima as an “icon” project that will help Egypt rebuild its economy and better the lives of more than half the population in Egypt.
According to the world bank, Egypt has risen to the wealthiest country in Africa, measured by GDP, which stands at US$1.38 trillion. The country has a population of 102.3 million people. During President Fattah’s swearing-in, Egypt was not among Africa’s top 10 wealthiest nations.
Madbouly said in his speech at the Haya Karima National project conference in July that the initiative was 100 per cent Egypt Venture with investments totalling. According to the world bank, Egypt has risen to the wealthiest country in Africa, measured by GDP, which stands at US$44.61 billion.
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The Haya Karima project aims to unify national institutions, civil society, the private sector, and development partners within and outside Egypt in the sustainable development sector.
In a nutshell, the initiative has set up projects that include decent housing, education, health, infrastructure, clean environment, culture, and productive communities.
The Canal Lining Project
The canal lining project is among the 14 projects in Egypt’s National Development project. The lining project is consequently estimated to save 5 million cubic meters in seepage losses.
The ministry is campaigning for farmers to use flood irrigation for modern irrigation systems to rationalize water use. Modern irrigation currently serves roughly 236,900 acres. However, agricultural owners are requesting an additional 56,650-acre coverage.
Agriculture is a crucial factor in Egypt’s economy, contributing 11.3 per cent of the GDP
The Minister of Irrigation and Water Resources in Egypt said on January 15 that the country had completed lining 3,913 kilometres of irrigation canals.
Muhammad Abdul Ati added that the ministry was in the middle of lining additional 4,087 kilometres. The government had also set funds aside for lining 2,783 kilometres immediately after. Furthermore, Muhammad said that this brings the total length covered by the project to 10,682 kilometres.