Cabinet Approves Higher Council Plan
The Council of Ministers approved several decisions, including maintaining the remote work system every Sunday throughout August 2026. They also approved the establishment of an investment zone spanning approximately 506 feddans in the "Madinety" project in New Cairo, with an estimated cost of around 1.4 trillion pounds, which will create 55,000 direct job opportunities. Additionally, approval was granted for contracting with Trident Logistics Company to establish a logistics project at the Port of Alexandria for receiving, storing, and exporting chemical raw materials, as part of efforts to develop the transportation system and logistics services. Furthermore, the council approved lowering the minimum university acceptance grades in North Sinai by 1%, and signed agreements to finance the expansion of Egypt’s electricity grid using renewable energy. The decisions also included the formation of a Supreme Social Consultation Council and an Emergency Aid Fund for informal workers, aimed at supporting workers’ rights and skills. A visit was also approved to an international exhibition of Egypt’s submerged antiquities in Chicago, scheduled to begin on February 20, 2027. Additionally, an agreement was signed to purchase electricity from a 407 MW wind power project in Zafarana.
Notice: This Is an AI-Generated Summary
Comments (0)