Investments
The report revealed the most important and prominent decisions were taken by the Egyptian government to encourage investments in SCZone.
Molla noted that this comes within the framework of the ongoing development of these petroleum edifices.
The plan aims to add a number of new looms and machines, in addition to raising efficiency and developing some factories to increase production.
He added, during the activities of the Fifth Al-Ahram Energy Conference, that during the next five years, there will be a plan to develop integrated solutions, which will contribute to reducing costs, eliminating pollution and supporting the state's tendency to produce electric cars.
This came during his meeting with CEO of the General Authority for Investment and Free Zones (GAFI) Mohamed Abdel Wahab in which they discussed fostering investment relations as well as attracting more UK investments to the Egyptian market.
Said put the volume of public investment during 2021-2022 at about LE 933 billion, noting that this is a 46 percent rise compared to the previous year.
The minister noted that Egypt has allocated approximately LE 3.6 trillion between FY2014/15 and FY2021/22 for public investments.
An investment boom has been witnessed in the transport sector in Egypt during the current fiscal year 21/22, where the total investments hit L.E. 244.7 billion.
El-Said added that Egypt is a rich country in many assets, including untapped assets, pointing to the Tahrir Complex, which was transferred to the Sovereign Fund of Egypt, where the best exploitation of this asset was studied through communication with a number of consulting companies.
Nasr urged the federation to coordinate with its Egyptian counterpart and the Egyptian commercial bureau to organize a commercial investment mission for the members of the federation during their visit to Egypt in the first quarter of 2022.
This came in a videograph published by the Information Center, which reviews the size of the petroleum sector's achievement during the last seven years.
Ain Sokhna Port is witnessing an ambitious plan aimed at maximizing the economic return from the port, which occupies an exceptional geographical location among international trade lines.
The new company will provide public land transport services through the establishment, exploitation, operation and management of smart internal transport services within the new administrative capital.
Abu Dhabi Ports Company recorded a growth in revenues of 21 percent during the first half of 2021, to reach 1.832 billion dirhams, compared to 1.517 billion dirhams during the first half of 2020.
Bailey added in a TV interview on Saturday evening that there are more than 2,000 British companies investing in the Egyptian lands, expressing his aspiration to increase those investments.
Molla added during the Egyptian Petroleum Association seminar that 384 wells were drilled, and more than 85 percent of the foreign partners' accrued dues from 2011 to June 2013 were paid.
The government prioritizes policies that support the green economy, the minister said.
The group is targeting expansion in most Arab countries, according to a filing to the Egyptian Exchange (EGX).
This came in light of the boom in infrastructure projects and service projects to meet the needs of future expansions after increasing the total area of the city to about 25 thousand acres.
Minister of Planning and Economic Development Hala El-Said, stressed that electric energy is the mainstay for comprehensive development, as all industrial, agricultural, tourism, urban, and service sectors depend on it to operate their facilities and generate added value.
