Dubai: The Local development program in Upper Egypt held an event today at Egypt Pavilion at Expo Dubai 2020, under the title of “Development and Investment in Upper Egypt – Showcasing Best Practices”. The event was attended by H.E. Mahmoud Shaarawy, Minister of Local Development, and Dr. Hisham El Helbawy, The Upper Egypt Local Development Program (UELDP) Programme Director, each gave a speech on the continuous efforts to develop Upper Egypt governorates. The event discussed the benefits of investing in Upper Egypt and UELDP’s unique and fruitful model.

UELDP is a governmental program that was launched in 2017, focuses on economic development and service delivery in marginalized areas of Egypt; the project targets four governorates (Assuit, Menya, Qena and Sohag) in Upper Egypt, but piloting in Sohag and Qena first. With around one third of the Egyptian population residing in Upper Egypt, the government attached great priority to the development of this marginalized area.‘’The Upper Egypt Local Development Program developed systems and working areas of the local administration, which we are working to generalize and replicate nationwide’’ said H.E Mahmoud Shaarawy, Minister of Local Development. ‘’ EGP 350 billion were spent for the development of Upper Egypt in the last 7 years.’’ He added.

Worth mentioning that the program is co-financed by the World Bank (WB) and the Government of Egypt (GOE), it covered a total cost of US$950 million. The UELDP aims to serve as a sustainable model that can be scaled-up in other Upper Egypt governorates; by improving the business environment for private sector development, and strengthening local government capacity for quality infrastructure and service delivery.

The program works on reducing the gap between urban and rural areas through national and international partnerships, funding institutional development, developing local capacities, and developing work systems so that the governorates can manage local development efficiently and effectively within a decentralized framework. It aims to showcase success in enhancing the business environment and promoting further investment in Upper Egypt.

-Ends-

For more information please visit:
www.mld.gov.eg 
www.egyptexpo.eg 

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.