BRICS LIFE

29.06.2612:00 Economy

BRICS expansion signals growing interest from Global South

25.06.2619:00 Economy

New Development Bank in age of technological revolution: outcomes of Moscow meeting

17.06.2617:00 Ecology

BRICS climate resilience: what can stop expansion of drought-affected lands?

ALL ARTICLES

TV BRICS INSIDE

03.07.2612:00 Society

Ghana joins international exchange of information via TV BRICS

30.06.2612:00 Society

Latin American countries establish media cooperation with BRICS via TV BRICS

25.06.2611:30 Society

Argentina’s media outlets show growing interest in BRICS agenda

ALL ARTICLES

20.05.24 18:31

Society

Egypt's Suez Governorate to receive EGP 9.7bn in public investments

The petroleum sector will receive the largest share of the investments

Egypt’s Minister of Planning and Economic Development Hala El-Said announced that Egypt has allocated EGP 9.7bn (US$207 million) as public investments in Suez Governorate for the fiscal year 2023/24.

These investments will finance 189 development projects in various sectors, including oil, transport and health. This is reported by Daily News Egypt, a partner of TV BRICS.

The oil sector will receive the largest share of investments, with EGP 4.2bn (US$90,03 million) allocated to projects in this area, representing 43% of the total investments for the governorate. Other sectors that received significant investments include the Suez Canal sector with EGP 1.6bn (US$36 million), the transport sector with EGP 1.4bn (US$30 million), and higher education with EGP 778m.

This investment plan is part of a wider initiative to announce plans for citizens in all governorates for the fifth consecutive year. The aim is to raise citizens' awareness of the directions and priorities of the sustainable development plan for FY 2023/24 and its role in achieving Egypt's Vision 2030.

The investment plan for Suez Governorate includes key projects in the health and higher education sectors. In the health sector, 10 projects will be implemented, including the completion of Sadr Suez Hospital and the modernisation of primary health care units.

Photo: iStock

MORE ON THE TOPIC

06.07.2617:00 Society

Chinese researchers reveal missing link in evolution of birds' tails

06.07.2614:05 Society

BRICS countries create network of telescopes to study short-duration space phenomena

05.07.2619:00 Society

BRICS News Digest for the previous week

04.07.2614:00 Society

Kyrgyzstan advances digital transformation of geological archives

04.07.2610:00 Society

Archaeologists in Belarus discover unique amber pendants and stone maces dating from Neolithic period

03.07.2616:00 Society

Indonesia plans to build 39 new airports

Prabowo Subianto

President of Indonesia

"This roadmap sets the framework for our joint efforts. Indonesia and Belarus have great potential for expanding cooperation in various fields. Our cooperation will focus on industrial development and agricultural modernisation. In industry, we see a major opportunity to increase trade volumes, investment, and cooperation between our two countries. We are also pushing for closer collaboration in culture and human resource development"

Liao Fan

Director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences (CASS)

"We also encourage countries of the Global South to work together and contribute to the global economy. We also call on developed countries to set aside issues such as national security and strategic competition when we are discussing real global challenges – pressing issues such as public health or poverty reduction – so that development resources can be channelled truly effectively to those countries that need them. [...] Major powers and large countries must bear greater responsibility for the well-being of people around the world. This is the responsibility of the major powers"

Anutin Charnvirakul

Prime Minister of Thailand

"Russia has been a trusted friend of Thailand for over a century. […] Next year, we will mark the 130th anniversary of the establishment of diplomatic relations between our countries. We will commemorate this important milestone with high-level exchanges, thereby reaffirming our shared commitment to an even stronger partnership for the benefit of our peoples"

Ferdinand Marcos

President of the Republic of the Philippines

"First, peace, security and stability. [...] We need our joint efforts to contribute to peace and security and to respond promptly to all threats. Second, a more dynamic economic partnership. Our areas of cooperation in trade are developing. We need to act more ambitiously and decisively in order to facilitate trade, economic flows and the expansion of the business community. [...] And third, perhaps one of the most important areas, is our peoples, grants, student exchanges, academic partnerships and tourism. [...] The relationships that are being built between our countries are reflected in the summit declaration, and they provide what policy alone cannot achieve"

Anwar Ibrahim

Prime Minister of Malaysia

"The relations in the last few years have been remarkable. We have seen impressive development, and my visit was – you were fantastic. We see the enormous role that Russia can play not only in Malaysia but also in the developing world, ASEAN and the rest. We are exploring this halal economy and finance. We are now almost finishing the visa abolition arrangement. [...] And then you have also agreed to these flights for tourism, for trade, and connectivity between Malaysia, Moscow, Kazan, and other cities in Russia"

1 out of

PODCASTS

12 minutes 33 sec.

Executive Secretary of UN Convention to Combat Desertification, Yasmine Fouad: "Use of AI represents game-changer in digital transformation for dealing with land"

23 minutes 27 sec.

Deputy Chairperson of Gauteng Provincial Legislature of South Africa, Thulani Kunene: "We want to learn from Moscow's experience in organising public transportation system"

30 minutes 39 sec.

Director, Producer, documentary filmmaker, Johan Badenhorst: "BRICS countries offer massive opportunity for tourism"

ALL PODCASTS

Categories

PROGRAMMES

PROJECTS

COMPANY

SHOW TV BRICS

TV BRICS IN SOCIAL NETWORKS

TV BRICS APPS

«BRICSterview»

«Laboratorium»

Documentary film «More precious than gold»

«The language of dance»

BRICS LIFE

TV BRICS INSIDE

Egypt's Suez Governorate to receive EGP 9.7bn in public investments

MORE ON THE TOPIC

PODCASTS