President Abdel Fatah al-Sisi gives a speech during the second day of Tale of a Homeland conference, January 18, 2018 - Press photo
CAIRO – 1 March 2018: President Abdel Fatah al-Sisi is set to inaugurate a new city in North Sinai within the coming few hours, a governmental source announced on Wednesday.
The source, cited by Al Dostor Newspaper, added that the establishment of the new city comes within the government’s ambitious vision to develop a terrorism-ridden Northern Sinai and it will expectedly include the world’s largest industrial city and Africa’s largest Sea Water Desalination Plant.
He also added that the Armed Forces’ Engineering Authority is authorized to complete the construction works of residential complexes, while the Ministry of Housing builds other urban communities.
The city is designed to include international hotels, a fashion city, universities, tourist resorts and housing, green areas and an open beach, a Disney Land-styled amusement park and recreation areas, Marina yacht state, an international hospital, Formula 1 circuit races, golf courses, and an Olympic village.
Earlier on Wednesday, the members of the Parliament agreed that the 2018 military comprehensive operations to uproot terrorism from Sinai will pave the way for the large-scale development in the Sinai Peninsula, attracting many investments and advancing Sinai’s demographic characteristics.
President Sisi affirmed during his visit to the Unified Command of East of the Canal to Combat Terrorism on February 25 that the comprehensive development of Sinai started in 2014 and will last until 2022, with a cost estimated at LE 275 billion ($15.5 billion), calling on Egyptian businessmen to invest in Sinai as the area is Egypt’s primary security issue.