Egypt advances diverse sectors during period from 2018 to June 2024

They offered the industrial complexes with a package of incentives.

By: Business Today Staff

Mon, Jun. 3, 2024

Egypt succeeded in implementing many projects across diverse sectors during the period from June 2018 until June 2024.

Trade and Industry sector

During the period from 2018 to 2020, Mostafa Madbouly’s government implemented 17 industrial complexes in Minya, Luxor, Aswan, Alexandria, Fayoum, Beheira,  Red Sea, Sohag, Aswan, Qena, Gharbia, Beni Suef.

The Egyptian government established a total of 5,046 industrial units. These complexes Provided approximately 48 thousand direct job opportunities.

They offered the industrial complexes with a package of incentives.

The number of complexes in Upper Egypt is 10 industrial complexes, representing 63% of the total complexes.

The first phase of annexing the industrial zones in West Girga is also being implemented on an area of 399 acres, and West Tahta on an area of 230 acres in Sohag Governorate.

 These zones included water, drainage, fire, electricity, communications, and gas network works.

The second phase covered implementing road paving works and the general site fences, gates, and external connection to the electricity network.

The first phase of annexing the industrial zones in Qeft, on an area of 415 acres, and Nag Hammadi, on an area of 500 acres in Qena Governorate is also underway.

 These zones included water, drainage, fire, electricity, communications, and gas networking works at a cost of EGP 7.5 billion.

Electricity and renewable energy sector

Egypt also established siemens installed stations with a total capacity of 16,600 megawatts.

It included 3 stations in the cities of Beni Suef, the New Administrative Capital, and Burullus.

The capacity of each station is 4800 megawatts. At a total cost of 6,065 million euros and EGP 2,129 million.

Additionally, the Egyptian government implemented Benban project to produce electricity from solar energy with a total capacity of 1,465 megawatts

It is considered the largest project in the field of electricity production from clean energy at a cost of $2,200 million in Aswan Governorate.

The project has won international acclaim in helping to reduce emissions.

In addition to Electricity production stations from wind energy in Gabal El-Zeit.

The total cost is 526 million euros + EGP 643 million + 50 million Japanese yen.

It included a total of 290 turbines to generate 580 megawatts of electricity on the Red Sea coast

They also set up Dabaa nuclear power plant in partnership with the Russian side, at an estimated cost of $25 billion.

The purpose of this project was to produce an electrical capacity of 4800 megawatts through nuclear reactors

The project is located in the city of Dabaa in Marsa Matrouh Governorate on the Mediterranean coast.

Higher education and scientific research sector

Egypt succeeded in establishing 12 private universities, with a total cost of  EGP 54,496 billion.

It included the universities of Alexandria, New Ismailia, Banha, Zagazig, Menoufia,  Mansoura National University, Helwan, East Port Said, Minya, Beni Suef, Assiut, South Valley.

In addition to setting up 10 technological universities, with a total cost of EGP 4.223 billion.

It included Technological Cairo, 6th of October,  Misr University,  Burj Al Arab, Delta, Samannoud, and East Port Said.

The government also established 4 International private universities, with the total cost of EGP 40,406 billion.

These included El Alamein, New Mansoura, Galala, and  Salman International Universities.

Egypt in collaboration with the Japanese side Established the Egyptian Japanese University, with a total cost of EGP 10 billion.

Supply sector

The Egyptian government established national silo project, which includes 52 silos were constructed and developed, with a cost of EGP 5.1billion.

The Storage capacity reached 3.5 million tons in 2023

Additionally, the Ministry of supply established 18 logistics areas in 14 Egyptian governorates, with a cost of 39.767 billion.

Petroleum sector

Egypt implemented the first phase of developing the fields north of Alexandria and the western Mediterranean (Nawras and Libra).

The project aims to develop the discovered deep-water reserves of natural gas with a total of 9 wells with initial production rates of about 700 million cubic feet of gas per day and 1,600 barrels of condensate per day.

Furthermore, the government concluded the second phase of developing the fields north of Alexandria and the western Mediterranean (Giza and Fayoum)

The purpose of this project is to develop the discovered deep-water reserves of natural gas, with a total of 8 wells with initial production rates of 400 million cubic feet per day, which reached about 700 million cubic feet/day and 700 barrels of condensate/day.

They also developed the Nour gas field in the Nile Delta region in the western Abu Madi concession area in the Nile Delta.