Egypt says four EU-backed local development projects reach 25% completion

Egypt has completed around 25% of four local economic development projects in Fayoum, Beni Suef, Luxor and Aswan. The projects are funded by the European Union and implemented with the United Nations Development Programme.

The projects include an urban market in Luxor’s El-Bayadiya district, a medicinal and aromatic plants services centre in Beni Suef, an integrated dates and agricultural products services centre in Aswan, and an olive industry services and industrial complex in Fayoum.

Minister of Local Development Manal Awad said the projects aim to increase the value added of local products, create employment opportunities, and strengthen local economic competitiveness. A governance framework with local committees has been set up to oversee implementation.

Recent field visits by a technical assistance delegation to Beni Suef and Fayoum monitored progress. The initiatives also seek to reduce post-harvest losses and boost exports through better processing and marketing.

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Minister of Local Development and Environment Manal Awad and Head of the Upper Egypt Development Authority Amr Abdel Moneim reviewed ongoing projects and required integration of environmental standards into all regional investments.

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A delegation from the Egyptian Commercial Service visited the Benha Investment Zone in Qalyubeya to assess export capabilities of local companies. The visit forms part of efforts directed by Minister Mohamed Farid to expand international market access.

The Egyptian Countryside Development Company reviewed the latest progress on the National Project for the Reclamation, Cultivation and Development of 1.5 Million Feddan during a House of Representatives defence and national security committee meeting.

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The Ministry of Planning and Economic Development presented Egypt’s Economic and Social Development Plan for fiscal year 2026/27 to parliament on June 2. The plan targets total investments of EGP 3.7trn and gives the private sector a larger role.

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