Today’s events | The unemployment rate dropped to 7.4% … and $ 2 billion to develop the information infrastructure

The Cabinet Office and its ministries, agencies and sectors have since the early hours of this morning, today, Saturday, witnessed intense activity to implement and follow up national projects, including a decent life and the development of the industry, and daily files and performance rates to follow up. of ministers and relevant officials, which we review with you in the following report:

Presidential interest in the industrial sector and the provision of all aspects of support for it

Dr. Mostafa Madbouly, Prime Minister, inspected today; The investment zone “Pyramids for the Development of Industrial Zones”, and a visit to a number of factories in the free zones of the Tenth of Ramadan City, to follow up the activities of projects in those areas, and plans for future investment expansions for they.

Dr. Mostafa Madbouly stressed that the industrial sector enjoys great attention from President Abdel Fattah El-Sisi, the President of the Republic, who is always tasked with providing all aspects of support to this important sector, keeping up with the latest technologies used in this sector worldwide, and the transfer of technical expertise to national labor.

He stressed the interest in labor-intensive industries, such as textiles, spinning and weaving and food industries, because of their major role in providing more new jobs, as these industries contributed to a decline in the unemployment rate in Egypt towards the end from 2021, to 7.4% of the workforce, compared to 7.9% during the year 2020.

A new document for state ownership policy aimed at maximizing private sector participation

In another context, Finance Minister Mohamed Maaait emphasized that Egypt has become more attractive for investment with promising development opportunities, based on a supportive and strong infrastructure, which has become more capable of accommodating the expansion of investment activities.

He pointed to the spending of $ 400 billion to develop it over the past seven years, explaining that the economic recovery plan of the effects of the current world crisis includes a package of measures that stimulate foreign and local investment, especially the private sector.

The Minister of Finance also indicated that there is a new document for the state ownership policy, which is a national strategy aimed at maximizing the participation of the private sector in economic activity. It represents a “message of reassurance” for local investors and an element of attractiveness for foreign investment, and increases the confidence of international institutions.

Invest $ 13 Million in Our Digital Future Initiative

Dr. Amr Talaat, Minister of Communications and Information Technology, also met with more than 69 young entrepreneurs and founders of start-up companies working in the fields of information and communication technology as part of the “Startups Day” activities organized by the Center for Technological Innovation and Entrepreneurship “Tech” of the Information Technology Industry Development Authority “ITIDA”.

He explained the launch of the Our Digital Future initiative, which aims to empower young people from diverse academic backgrounds to gain leading-edge job opportunities in the field of information technology; Where $ 13 million was invested in training 80,000 people in the first version of the Our Digital Future initiative, and 20,000 graduates succeeded in implementing $ 130 million worth of independent projects in one year; He stressed that the initiative is aimed at providing generations who are capable of building a digital Egypt.

He emphasized that more than $ 2 billion had been invested over three years to develop the information infrastructure, which had made Egypt the first in Africa to reach the average fixed internet speed, and efforts were being made to strengthen mobile networks through corporate frequencies. and increasing the number of mobile towers.

Intensive preparations for COP 27 and the Green Economy Plan

Rania Al-Mashat, Minister of International Cooperation and Governor of Egypt at the World Bank, also held extensive meetings with leaders of the International Finance Corporation and the International Investment Guarantee Agency (MIGA), and the UN Under-Secretary-General on Joint Relations discuss between Egypt and development partners, improve efforts to achieve sustainable development and promote climate action.

The Minister of International Cooperation, with officials of the International Finance Corporation, discussed the government’s efforts to stimulate the participation of the private sector in development and to expand the basis of its participation in achieving development, pointing out that the International Finance Corporation and development partners will play a crucial role in promoting national efforts to bring about development, and also touched on government efforts to stimulate development The role of the private sector in expanding green hydrogen projects

The Minister of International Cooperation, with officials from the International Investment Guarantee Agency, discussed the forthcoming mission of the Agency, which is expected to come to Egypt in the framework of joint cooperation, and also discussed cooperation between the International Finance Corporation and Mega Agency on climate action in preparation for the COP27 climate conference, with the aim of highlighting procedures and efforts to implement The seventh objective of the sustainable development objectives related to clean energy, with an emphasis on supporting policies of international bodies and technical support for investors to funding for renewable energy to increase projects, and stimulate investment mechanisms and green bonds.

The average daily infection rate for Corona reached 89 positive cases and 6 deaths

The Ministry of Health and Population also announced today, Saturday, that the average number of daily infections with the Corona virus has reached 89 in the past week as part of the necessary surveillance, investigation and investigation procedures carried out by the Ministry in accordance with the guidelines from the World Health Organization, which indicate that the average daily mortality has reached 6 new cases.

Hossam Abdel Ghaffar, the official spokesperson for the Ministry of Health and Population, explained that the average daily number of people recovering from the Corona virus reached 100, after receiving the necessary medical care and completing their recovery according to the guidelines of the World Health Organization, which brings the total number of people who have recovered from the Corona virus so far to 444,703.

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