CNN reviews Egypt's economy in 60 seconds



Mon, 13 Apr 2020 - 04:07 GMT


Mon, 13 Apr 2020 - 04:07 GMT

Screenshot of the video

Screenshot of the video

CAIRO – 13 April 2020: CNN published Monday a 60-second video reviewing Egypt’s economy, according to Prime Ministry account on social media.

CNN stated that Egypt’s economy grew 5.6 percent in 2019, making it one of the world’s fastest growing economies.

It added that Egypt is upgrading its economic infrastructure, expanding the strategic Suez Canal, creating free zones, boosting tourism, and investing in green energy.

CNN referred to Benban project in Egypt as one of the world’s largest solar complexes.

“Egypt’s Benban project is expected to be capable of powering 1 million homes,” CNN noted.

Benban plant includes 32 stations producing electricity with a capacity of 1,465 megawatts from solar energy.

The project is considered the largest solar power project in the world and was funded by the World Bank with a total value of $653 million. The total value of the project is $2 billion for a total power generation of up to 1600 megawatts. The project is carried out with the participation of the European Bank for Reconstruction and Development and a large number of major international companies.

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