Economic and social impact of the silkworm silk production project in New Valley Governorate

Abstract:
The main objective of the study was to identify the level of economic and social impacts of the silkworm production project and The research aimed mainly at identifying the economic and social returns of the silkworm silk production project in the New Valley Governorate, in addition to conducting an economic evaluation of the project and studying its impact on increasing incomes and raising the standard of living for the local population, and identifying the most important problems facing the project. The field data was collected by   tow questionnaires form by personal meeting with a sample of (90) the researched in order to measure the economic and social impact of the project. The research sample was selected from the project workers in the Kharga district in the New Valley Governorate
The most important results of the study were the following:
The results showed that the levels of social impact it was found that    tend to decrease and mediate,: about 84.4% of the respondents have levels of at the individual benefit from the project tend to decrease and mediate, 88.89% of social welfare tend to decrease and mediate and 83.33% of satisfaction with society tend to decrease and mediate and about 88.89% of social welfare, and 83.33% have a medium to low level of satisfaction with society. The current value amounted to about 297.7 thousand pounds, while the internal rate of return was about 23%, and the ratio of benefits to costs amounted to about 1.88%, and the period of capital recovery amounted to about 4.3 years. The sensitivity analysis of the project also showed that with the decrease in revenues of the project by 10% and the stability of the expected costs at the discount rate of 14%, the net present value amounted to about 234.2 thousand pounds, the internal rate of return was 18%, and the return on costs was 1.69, and the rate of the capital recovery period was about 6.6 years, and thus remain indicators The financial feasibility of the project encourages investors to carry out this project, as with the increase in total costs by 10%, the net present value of the project reached 263.3 thousand pounds, the internal rate of return is 19%, the return on costs is 1.71%, and the capital recovery period is about 5.2% a year. Finally, the results showed that the most important problems facing the workers in the project was the problem of lack of training in modern methods of raising silkworms, with a rate of 28.6%.