Diyaa Dawood on accepting transportation loan
During the Egypt 2026 Forum, Member of Parliament Dhiya Al-Din Dawood spoke about his reasons for approving a loan of 500 million Egyptian pounds to the Ministry of Transport, despite his reservations about external borrowing. He explained that his approval was due to the project's importance in improving transportation means and providing services reaching Arish city, as well as its benefits for workers and residents in the new areas. He emphasized the importance of evaluating projects after implementation in terms of economic and social returns to ensure that citizens benefit, along with the necessity of applying governance and transparency rules, and considering project costs and benefits. He also pointed out the need to organize road management and the importance of coordination among relevant authorities to safeguard infrastructure investments, establishing clear governance rules. Additionally, he highlighted the gap in housing units built for low-income families and urged for an assessment of the needs of targeted groups to ensure they benefit from housing projects.
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