The first phase of Hayah Karima, which received LE 200 billion from The Ministry of Planning and Economic Development and included 1,500 villages in 52 centers, had 30% of its proceeds allocated towards environmental projects and sustainable improvements.
The lining of the canal, one of the most important current projects, aligns with the Egyptian state’s commitment to green projects that emphasize on agricultural development, drinking water and disinfections as well as transportation and energy.
Another thing worth mentioning is that the Egyptian state has shortened the development process by 5 years, meaning that all of Hayah Karima projects will be completed by 2025 rather than the initially-announced 2030.
The dedication of Hayah Karima to sustainability and green projects comes in line with the upcoming United Nations Climate Change Conference (COP27) which will be held later this year in Sharm El Sheikh in an effort to reduce carbon emissions in developing countries and raise awareness about climate finance.
Read more: UAE’s dnata to invest $100m in green operations
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