Egypt’s President Abdel Fattah Al-Sisi met with Presidential Advisor for Financial Affairs, Mohamed Amin, to review the activities of the Tahya Misr Fund (Long Live Egypt Fund) and its contribution to supporting the development process and social protection programmes.
Amin presented the overall activity and contributions of the Tahya Misr Fund, the vital and evolving role it has played since its establishment as an assistant to state agencies in supporting social protection programmes and development projects nationwide, and its success in many sectors to improve the standard of living of citizens.
The total contributions that the fund has injected into various sectors and fields nationwide since its establishment has exceeded EGP 22bn pounds. The funds were distributed across several fields, with urban development and alternative housing receiving about EGP 7bn and the field of health care with about EGP 11.5bn. These were allocated to medical procedures associated with the coronavirus pandemic, health initiatives and medical devices in hospitals.
He added in addition to several other fields such as social protection initiatives with about EGP 1.3bn, economic empowerment and job creation with about EGP 400m, education with about EGP 531m, the gifted care programme with about EGP 200m, and the investment sector with about EGP 400m, as well as intervention in emergencies and natural disasters at an amount of about EGP 1bn.
The President has continuously directed the Tahya Misr Fund to enhance its activities and programmes, in partnership with government agencies, civil society institutions and the private sector.
