The executive head of a national fund for social service projects announced Wednesday a list of planned projects in Egypt’s healthcare and urban planning.
Speaking to the money and finance conference attendees, Mahmoud Abdel-Latif said Tahya Masr (Long Live Egypt) fund will work with governmental institutions for direct help.
Mahmoud said the planned projects include mobile clinics, long-term hepatitis C medication schemes, and developing informal settlements.
Tahya Masr fund was created upon the initiative of President Abdel-Fattah El-Sisi in 2014 to help funding projects to bolster the economy.
Individuals and businessmen have contributed billions of Egyptian pounds to the fund.
Mahmoud said the fund will be resourced with both charity and investments.
Earlier this month, Prime Minister Ibrahim Mahlab formed an executive body to plan and run the fund’s projects.
The executive committee included leading businessmen like Naguib Sawiris, former Grand Mufti Ali Gomaa and a representative from the Supreme Council of the Armed Forces.
Source: Ahram Online