Increasing social protection program funding

Investment and International Cooperation Minister Sahar Nasr on Wednesday called on investors and businessmen to support Tahya Misr (Long live Egypt) fund as part of their social responsibility.

Nasr said in a statement to reporters on Wednesday following the committee meeting that Tahya Misr's executive committee has decided to increase funding of the social protection program package upon directives by President Abdel Fattah El Sisi.

Nasr said that meeting was attended by Mohamed el Ashmawy, the executive director of Tahya Misr (Long live Egypt) fund, Major General Mohamed Amin, the secretary of the committee and former Grand Mufti Ali Gomaa.

The committee members were briefed on the rate of development of the most needy villages project, currently being implemented in 14 governorates. 

Developing of 7,254 houses in 232 villages is going on in cooperation with Al Orman Charity Association in line with the directives of President Sisi to allocate EGP 200 million for the project, she added.

As many as 3,734 houses in 104 villages were already developed at costs reaching EGP 89 million in addition to developing 250 houses in North Sinai governorates, the statement added.

Nasr pointed out that field visits will be held in the coming period to monitor the implementation of current projects as well as increasing Tahya Misr Fund resources for the youth projects, giving priority to the most needy governorates particularly in Upper Egypt and Sinai.

Nasr further added that Holding Tahya Misr Company for Investment and Development has been established to cope with Tahya Misr Fund plan in the coming period that will be concerned with the investment domain.