File- President Sisi meets with Prime Minister Mustafa Madbouli, Environment Minister Yasmine Fouad, and Local Development Minister Mahmoud Shaarawy- press photo
CAIRO - 9 November 2020: President Abdel Fattah El Sisi directed the government to maximize the use of the state-owned assets in all fields, according to a statement from the Cabinet on Monday.
This direction was declared in a cabinet meeting chaired by Prime Minister Mustafa Madbouli with Minister of Agriculture and Land Reclamation Mr. Al-Qusayr and Deputy Minister for Livestock, Fisheries and Pourtly Affairs Mustafa Al-Sayyad to follow up on a fishery project.
The Minister of Agriculture updated Madbouli on a project aimed to utilize untapped areas and water resources in fish farming via technology to achieve the highest rates of production and disseminate awareness of the importance of fishery production for Egypt and the Arab world, the statement added.
The Minister continued that the project was offered for the private sector for investment.
In November 2017, President Sisi inaugurated a number of major projects in Kafr al-Sheikh, 89 miles from Cairo, with a total cost of LE 4 billion ($226,659,972.64), topped by Middle East’s largest fish farm and its industrial city.
The fish farming project consists of two phases, the first of which was carried out on an area of 4,000 acres and will expectedly cover up to 70 percent of Egypt’s domestic need of fish.
The industrial city of the fish project includes four main factories, development and training center, and a central laboratory to ensure the high quality of the products.
The area on which the excavation and drilling works take place amounted to 16 million Square meters, which is six times the size of the Great Pyramid; meanwhile, the iron rods required for the construction works were estimated at 13 thousand tons.