Ministry of Investment during visiting Sarabium siphon project - Press Photo
CAIRO – 14 August 2017: The Ministry of Investment earmarked $46 million for irrigation projects through Sarabium siphon project at a capacity of 3 million cubic meters per day and land reclamation for 60,000 feddans in Ismailia, a Monday statement said.
At the end of her visit to Ismailia and North Sinai, Minister of Investment Sahar Nasr said that the target of her tour is a periodic monitoring of the development and investment projects, noting that the infrastructure projects are important for attracting investors to such places.
Nasr pinpointed that 30 wells were dug in North Sinai, adding that the targeted number will increase in the coming period.
The period ahead will witness injection of new investments in the Sinai Peninsula, as investors have expressed interest in investing there, Nasr said, adding that the Sarabium siphon project is advancing as per the set schedule to irrigate more than 50,000 feddans in the east of Suez Canal and North Sinai.
Moreover, the Governor of Ismailia governorate said that Sarabium siphon is the largest water project underneath the New Suez Canal to transfer water from the west of the old canal to the east of the new one.
North Sinai needs around an additional $1 billion to complete the development projects, the parliamentarian Gazy Saad told Egypt Today Monday, adding that the Central Sinai governorate is in need of more Bedouin grouping for the reclamation of more than 100,000 feddans.