Minister of Education chairs meeting of the Board of Directors of the Fund for Supporting, Financing, Managing

Mr. Mohamed Abdel Latif, Minister of Education and Technical Education, chaired today the meeting of the Board of Directors of the Fund for Supporting, Financing and Constructing Educational Projects, to discuss the support and financing requests submitted to the Board, as well as follow up on the status of the projects financed by the Fund in various governorates of the Republic, and present the combined support requests submitted to the Fund.

At the beginning of the meeting, Minister Mohamed Abdel Latif stressed the importance of the role of the Fund for Supporting, Financing, Managing and Constructing Educational Projects in establishing, equipping, maintaining and renovating schools, facilities and educational centers within the framework of the national plan for economic and social development and the state's general policy in the field of education, appreciating the efforts and achievements of the Fund in the past period, and its support for the most important educational projects.

During the meeting, Accountant Mohamed Sami, Assistant Minister for Education Projects Support, Financing, Management and Construction Fund Affairs, reviewed several topics regarding the approval of the planning budget for the General Fund for Fiscal Year 2024/2025, which included all revenues, new constructions, completion and expansion of projects, and support for the technological component.

The completion of the preparation of the Fund's final account for the fiscal year 2023/2024 was also reviewed, as well as what was implemented during the past year.

The meeting also witnessed a discussion of the establishment of an internal audit and governance unit in the organizational structure of the Education Projects Support, Financing, Management and Construction Fund.

The meeting also presented the results of the work of the Egyptian Company for Educational Management for the period from 2018 to 8/31/2022, and the executive position of the Nile International School construction project in Suez Governorate was also reviewed.

The meeting also witnessed the Council's approval to support the General Authority for Educational Buildings to establish (4) schools for excellence in science and technology in the governorates of (Beheira - Port Said - Suez - Matrouh).

The Council was also briefed on the support of the General Authority for Educational Buildings with the value of the schools' needs for new beds before the start of the 2024/2025 academic year.

This was attended by Dr. Ahmed Daher, Deputy Minister, Dr. Ayman Bahaa El-Din, Deputy Minister, Major General Mohamed Sami, Assistant Minister for Educational Projects Support, Financing, Management and Construction Fund Affairs, Brigadier General Tariq Al-Baz, Head of the Central Administration for Educational Centers and Complexes, Brigadier General Ahmed Nabil, Head of the Central Administration for Financial and Administrative Affairs, Counselor Ashraf Al-Sayed, Legal Advisor at the Ministry, Major General Mahmoud Hindi, Head of the Central Administration for Inspection and Director of the Government Department at the Ministry of Local Development, Dr. Mona Nasser Milad, Assistant Minister of Finance for Follow-up Affairs and Management of Customs Authority Development Projects, Mohamed Abdel Fattah Al-Maghribi, Supervisor of the Human and Social Development Sector at the Ministry of Planning and Economic Development, Yasser Ahmed Abbas, Head of the Investment Services Sector at the General Authority for Investment and Free Zones, and the Council Secretariat, Accountant Mohamed Hussein Ahmed, and Accountant Mahmoud Younis Ibrahim at the Educational Projects Support, Financing, Management and Construction Fund.