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صدى البلد
Council of Ministers' key decisions
The Egyptian Council of Ministers has approved several decisions related to development projects, energy, education, and investment. Among the most notable decisions is granting Nfer Minya Solar Power Company a golden license for a 1,000-megawatt project in Minya, with an estimated cost of $750 million, aimed at reducing carbon emissions by one million tons annually. Additionally, approval was given for the establishment of a leather industry project in Badr City, costing $12 million, with the aim of producing 2.5 million pairs of shoes annually and exporting around $148.4 million over five years. Furthermore, an agreement was reached to implement the second phase of support for teaching the French language in Egyptian schools through a French grant of two million euros, along with the allocation of free lands for public projects and improvements to the investment environment. The decision also included approvals for land allocations to companies in various new cities, and eased terms with a 12% interest rate on installments for real estate and investment projects to support local development.
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