Patronage

HELD UNDER THE PATRONAGE OF HIS EXCELLENCY DR MOUSTAFA MADBOULY, PRIME MINISTER OF THE ARAB REPUBLIC OF EGYPT

CONSTRUCTION PORTFOLIO OF EVENTS

Egypt and Spain Sign Grants to Support Water Treatment and Create Job Opportunities for Youth

Egypt's Minister of Planning Rania El-Mashat and the Spanish Ambassador in Cairo signed two grants worth €800,000 to support development in Egypt. The first grant, €500,000, will support a wastewater treatment project in sugar factories, while the second grant, €300,000, aims to create job opportunities for youth and promote entrepreneurship. El-Mashat emphasized the importance of these partnerships in achieving sustainable development goals and improving water security, while the Spanish Ambassador highlighted Spain's commitment to supporting Egypt in various sectors.

 

Abdel Fattah El-Sisi: Localizing the Production of Water Desalination and Recycling Equipment is a Priority for Egypt's Industrial Growth

President Abdel Fattah El-Sisi emphasized that localizing industry in Egypt includes investing in the production of water desalination and recycling equipment to support national projects. During his meeting with international companies at the third industrial forum, he highlighted the importance of stimulating the industrial sector, supporting small and medium-sized industries, and enhancing the investment climate. He also focused on strengthening partnerships with the private sector to increase local content in production. Company leaders commended the Egyptian government's efforts to improve the investment environment and provide incentives for investors.


Government Approves 12 Private Sector Partnership Projects in Water and Electricity Sectors

The government has approved the initiation of 12 partnership projects with the private sector in the fields of water, sewage, and electricity. The projects include the right to utilize electricity networks in several areas such as 10th of Ramadan and New October City, along with transformer station projects in Sheikh Zayed, New Mansoura, and 6th of October. The projects also include a water purification station in Mostorod and sludge treatment plants in various areas. These projects aim to enhance the private sector's contribution to economic development and create job opportunities.

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Engineering exports recorded $3.9 billion during the first nine months of the current year, compared to $3.1 billion during the same period last year, achieving a growth rate of 25.6%.

According to the monthly report issued by the Engineering Export Council, exports in September reached $446.2 million, compared to $387.7 million in September 2023, marking an increase of 15%.

Cables led the sector's exports, achieving a growth of 33.6% during the first nine months of the year, followed by electrical and electronic industries, which grew by 9.3%.

Sharif El-Sayed, Chairman of the Engineering Export Council, stated that the council aims to achieve exports worth $5.25 billion by the end of this year, with expectations of increasing this figure to $6 billion by 2025.

He added that the council’s plan targets an annual growth rate of no less than 20%, aiming to boost the sector's contribution to achieving the state’s export goals by 2030.

Source: Alborsaa News

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Prime Minister Dr. Mostafa Madbouly has approved the allocation of 97.12 acres of state-owned private land in the East El-Montazah area of Alexandria Governorate. The land is designated for the construction of seawater desalination plants, supporting the state’s strategic plan to expand such projects in partnership with the private sector by 2050.

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Eng. Khaled Abbas, Chairman and Managing Director of ACUD, signed a Memorandum of Understanding with Avnash Iyer, Country Head of DP World Egypt, to explore the development of a new general free zone within ACUD’s designated lands.

The agreement was formalized during a ceremony at the New Administrative Capital’s government headquarters, attended by Prime Minister H.E. Dr. Mostafa Madbouly and Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Lt. Gen. Kamel El-Wazir. This zone is poised to become a major construction and manufacturing hub, with plans to establish factories for electronics, automotive production, FMCG goods, as well as textiles, footwear, and apparel across approximately 500 acres within ACUD’s allocated lands. Positioned strategically along the Cairo-Ain Sokhna road, the site features a prime 1,958-acre industrial infrastructure area that will serve as a cornerstone for ACUD’s vision of creating an advanced industrial ecosystem.

This MoU supports ACUD’s strategy to promote diversified land use, advance fourth-generation industrial zones, and provide essential infrastructure to fuel Egypt’s growing construction and manufacturing sectors. Technical and economic studies will soon be underway, setting the stage for final contracts and the official launch of the free zone.

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Egypt ranks second among African countries in infrastructure improvement, following Morocco, with Mauritius, Algeria, Seychelles, Tunisia, Libya, Kenya, Botswana, and South Africa also in the mix.

African countries have made progress in energy, transport, and technology through partnerships between governments, international institutions, and investors. Institutions like the African Development Bank, World Bank, and China play a key role in financing projects focused on sustainability and renewable energy.

However, Africa faces immense infrastructure demands, with the African Development Bank estimating a need for $130-170 billion annually. Yet, there is a funding gap of up to $100 billion affecting vital sectors such as energy and transport. The World Bank indicates that Sub-Saharan Africa needs to invest 7.1% of GDP annually to achieve sustainable development goals, while current investments are only about 3.5%.

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