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EGYPTIAN PRESIDENCY DISCUSSES DEVELOPMENT OF ROADS, RAILWAYS AND SEAPORTS

Posted on by Gambeta News

President Abdel Fattah El-Sisi recently met with Prime Minister Dr. Mostafa Madbouly and Minister of Transport Lieutenant General Kamel El-Wazir. The Spokesman for the Egyptian Presidency stated that the meeting discussed the status of the projects carried out by the Ministry of Transport, especially those related to the development of roads, axes, railways, and seaports nationwide. Lt. Gen. Kamel El-Wazir presented the steps taken for implementing the Advanced Transportation System (ATS) on axes and highways….

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ACWA POWER TO CONSTRUCT THE LARGEST PRIVATE SOLAR PLANT IN EGYPT

Posted on by Gambeta News

The European Bank for Reconstruction and Development(link is external) (EBRD), the OPEC Fund for International Development(link is external) (the OPEC Fund), the African Development Bank (AfDB), the Green Climate Fund(link is external) (GCF) and Arab Bank today signed a US$ 114 million financing package with ACWA Power for the construction of the largest private solar plant in Egypt. The development of the Kom Ombo solar plant will add 200 MW of energy capacity, increasing the share of renewable energy in Egypt’s energy mix…

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EGYPT’S PRESIDENT SISI IN PARIS FOR STRATEGIC HIGH-LEVEL MEETINGS

Posted on by Gambeta News

Egypt’s President Abdel Fattah al-Sisi arrived on Sunday afternoon at the Paris Orly Airport to participate in both the Paris Conference to support transition in Sudan and a summit on financing African economies holding on May 17 and 18 respectively. Egyptian Presidential spokesperson Bassam Rady explained that Sisi’s participation came at the invitation of French President Emmanuel Macron, a sign of close and growing relations between Egypt and France. Rady stated that Egypt plays a…

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EGYPT’S NEW CAR MARKET CAN ACCOMMODATE UP TO 4,000 CARS

Posted on by Gambeta News

During a recent tour, President Abdel Fattah El-Sisi inspected the integrated complex and the new headquarters for the car market in Cairo-Ain Sokhna Road as an alternative to the Nasr City central market for cars in Al Hay Al Asher (10th District). The old car market wasn’t well-engineered, lacked basic services and used to cause severe traffic congestion in this area. The new car market in Ain Sokhna Road, however, spans over 57 feddans, accommodating…

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EGYPT’S MINISTER OF TRANSPORTATION INSPECT ON-GOING MONORAIL PROJECT TO THE NEW ADMINISTRATIVE CAPITAL

Posted on by Gambeta News

Egypt’s Minister of Transportation Kamel al-Wazir on Saturday inspected work being done on the al-Salam/Administrative Capital/10th of Ramadan monorail, which is scheduled to start operating in October. Wazir met with engineers, workers and technicians, and conveyed to them President Abdel Fattah al-Sisi’s congratulations for Labor Day. He stressed on the importance of working around the clock to get the project done by schedule and to the utmost quality. These trains are expected to contribute to…

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UPDATE ON ORASCOM CONSTRUCTION ACTIVITIES IN THE NEW ALAMEIN CITY IN EGYPT

Posted on by Gambeta News

In parallel with the New Administrative Capital, Orascom Construction is working on the construction of a number of commercial projects in New Alamein City. It is worth mentioning that the New Administrative Capital and New Alamein City are part of 20 new so-called Fourth Generation Cities that are being constructed. Orascom Construction was awarded two contracts to execute the New Alamein High-Rise Towers at LD-01, consisting of four towers and a podium with a total…

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EGYPTIAN CREW RE-FLOAT LARGE VESSEL BLOCKING SUEZ CANAL

Posted on by Gambeta News

The Ever Given has reportedly been partially freed from the banks of the Suez canal, raising hopes that the vital waterway could reopen and ease global shipping backlogs. Early on Monday morning, reports emerged that the bow of the massive container ship had been dislodged from the bank of the canal. The Wall Street Journal quoted Osama Rabie, chairman of the Suez Canal Authority that operates the waterway, saying the ship had been partially freed and it…

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A RAY OF SUNSHINE AS LIBYA IS SET TO IMPROVE RELATIONS WITH EGYPT

Posted on by Gambeta News

Libyan Prime Minister Abdul Hamid Dbeibeh said Sunday he is optimistic about his country’s future relations with neighboring Egypt. On Saturday, Dbeibeh received a phone call from Egyptian President Adel-Fattah al-Sisi during which he signaled Egypt’s full support to the new Libyan government, according to the Egyptian Presidency. “I received a phone call from the Egyptian president during which he offered his congratulations for obtaining the parliament’s confidence,” Dbeibeh wrote on Twitter. “We are optimistic…

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EGYPT’S PRESIDENT VISITS SUDAN TO DISCUSS GERD DAM DISPUTE

Posted on by Gambeta News

CAIRO (AP) — Egypt’s president visited Sudan on Saturday, his first visit to the country since a popular uprising led to the military’s overthrow of longtime autocrat Omar al-Bashir in 2019. President Abdel Fattah el-Sissi met with with Gen. Abdel Fattah Burhan, head of the ruling Sovereign Council, at Khartoum’s presidential palace. There, they inspected a military guard of honor. El-Sissi also met with Prime Minister Abdalla Hamdok, and Gen. Mohammed Hamdan Dagal, deputy head…

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EGYPT SIGNS PARTNERSHIP TO BUILD DESALINATION DEVICES FACTORY

Posted on by Gambeta News

CAIRO: Egypt is looking to Russian expertise to help improve the quality of locally produced seawater desalination devices and technologies, with the hope of setting up a specialized factory as part of the partnership between the two countries. The decision was announced following talks between the Russian Rusnano organization, the Arab Organization for Industrialization, the Armed Forces Engineering Authority and Alexandria University. “With this cooperation, we aim to increase the manufacturing of seawater desalination plants…

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EMPLOYEES DEMAND GOV’T INTERVENTION AGAINST LIQUIDATION OF EGYPTIAN STEEL COMPANY

Posted on by Gambeta News

The Iron and Steel Company’s employees on Sunday organized a protest in front of the company’s headquarters against its decision to liquidate and demanded that the government intervene to stop the move. They also called for the state to help modernize the company and preserve its assets, which are estimated at LE120 billion. A member of the Board of Directors of the Holding Company for Metal Industries Khaled al-Feki said that this step will destroy…

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EGYPT’S HOUSING INITIATIVE GETS MAJOR BOOST

Posted on by Gambeta News

Egypt’s President Abdel Fattah Al-Sisi directed, on Sunday, for the first phase of the Decent Life Initiative to be extended, to develop about 1,500 villages nationwide. The first phase extension will come at a cost of about EGP 500bn, and will add to the 400 villages that have already undergone development as part of the initiative. The Presidential move comes within the plan to develop all Egyptian villages within three years. President Al-Sisi’s instructions came…

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INVESTORS COMPETE FOR EGYPT’S CARGO VILLAGE PROJECT

Posted on by Gambeta News

CAIRO: The Egyptian Ministry of Aviation received investment offers from Saudi Arabia and Kuwait to compete for cargo village projects at Cairo International Airport and Sphinx International Airport (west of Cairo), according to statements by Minister of Aviation Mohammed Manar. Manar said that his ministry aims to establish cargo village and logistical areas at both airports on the Cairo-Alexandria desert road, indicating that the ministry has coordinated with the investment authority to receive investment offers…

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EGYPT PRESIDENT VISIT ROAD PROJECTS IN CAIRO

Posted on by Gambeta News

President Sisi has inspected the workflow and the completion rates in some of the sites of the road and utility network development projects in Cairo. The presidential spokesman Bassam Rady who made the statement said the President toured the main axes in eastern Cairo, including the Salah Salem axis, Cairo Airport zone, Gesr Al Suez, and New Cairo city. Rady noted that the President was briefed on the details of the executive steps taken at these…

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MINISTER SAYS EGYPT CANAL READY FOR RAINING SEASON

Posted on by Gambeta News

Egypt Minister for Water Resources and Irrigation Mohamed Abdel Aaty during a meeting noted that the country canal is ready for the raining season. Speaking in meeting with executive leaders of the Egyptian Public Authority for Drainage Projects (EPADP), Aaty reviewed the state of Egypt’s canals. Aaty emphasised the need to continue around-the-clock work to ensure the performance and efficiency of workflow in the authority’s departments. The meeting also reviewed the position of projects that…

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EGYPT GOVT. SAYS PLAN RAILWAY TO REACH LIBYA AND SUDAN

Posted on by Gambeta News

Egypt government has announced that the railway construction lines will be extended to reach the Sudanese city of Wadi Halfa, and to extend a line in the north to Libya’s Benghazi. Transport Minister Kamel al-Wazir said the government has decided on “a number rail transport projects that could be carried out in cooperation with investors. He also noted that the announcement came as part of Egyptian government efforts to overhaul the country’s transport system, including…

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NILE MEGA DAM TALK RESTART BETWEEN SUDAN, EGYPT AND ETHIOPIA

Posted on by Gambeta News

Over the weekend, all three countries resume talk on the nile mega dam negotiation. So far, all three countries are yet to agree a deal but it is believed that the team, will put “a frame of reference” on the role of experts to facilitate the talks, and will submit their report to the water ministers from the three countries by Wednesday. The week-long negotiations, held via videoconference, include water ministers from the three countries,…

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EGYPT PRESIDENT DIRECTS TRADE INDUSTRY TO EASE ITS PROCEDURE FOR OBTAINING LICENCES AT INDUSTRIAL COMPLEXES

Posted on by Gambeta News

In a bid to help small- and medium-sized enterprises (SMEs), President Abdel Fattah El Sisi has asked the trade industry to ease its procedure so that they can obtained licensing units at industrial complexes. The move by the President is aimed at supporting young investors and SMEs, which could eventually serve industrial development and lead to boosting local manufacturing and production in all sectors. He made the directive during a meeting that includes the Prime…

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ETHIOPIA HAS NO PLANS TO HARM SUDAN AND EGYPT IN NILE DAM

Posted on by Gambeta News

Ethiopia Prime Minister has announced that his nation has no plans to use its massive hydroelectric power project to harm Sudan and Egypt dispite contributing 85% to the water resources to the Nile River. Prime Minister Abiy Ahmed made the statement in his virtual address to the 75th session of the United Nations General Assembly taking place in New York. Quoting Ahmed, “I want to make it abundantly clear that we have no intention to…

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EGYPT GOVT. TO INVEST IN BEDOUIN COMMUNITIES DEVELOPMENT

Posted on by Gambeta News

Egypt Government plans to invest in bedioun community development after securing funds from both Saudi Fund for Development (SFD) and the Arab Fund for Economic and Social Development (AFESD) as part of the Sinai Peninsula Development Program. Announcing to the media, Minister of International Cooperation Rania Al-Masha said the projects have been implemented to ensure that these communities are the main actors in achieving broader and more robust growth. Meanwhile, the development programme also adopts…

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