The correct answer is false.
It is false that the construction of the Aswan High Dam was beneficial to the people of Egypt, and it caused no negative effects.
The construction of the Aswan High Dam was finished on July 21, 1970. It was started in 1959 and when it was ready, it had many benefits such as controlled irrigation and electricity production but also has negative consequences to people and environmental effects.
The Soviet Union financially supported Egyptian President Abdel Nasser to construct de Aswan High Dam and it was necessary to relocate the monumental Abu Simble site that had been built by ancient Egyptians.