MINISTER: EGYPTIAN PRESIDENT OFFERS AMERICAN COMPANIES MEGA PROJECTS

CAIRO, Egypt, Sept 24 – Egypt Minister of Supply, Khaled Hanafy, said, President Abdel Fattah al-Sisi suggested, during his meetings with American businessmen, establishing a tourist city for shopping, on the Gulf of Suez, to employ 500 thousand workers.

It is planned to be near the port of Sokhna or Adabiya and to include markets to export Egyptian goods, he added.

Hanafy also said, in remarks on the sidelines of Sisi’s visit to New York, that the goal of the project is to create job opportunities and that working conditions will include training workers for a while, before starting work in the city, explaining that the city would have eight grand towers, as offices for companies.

The initial costs of the project will amount to LE40 billion, Hanafy said, pointing out that Sisi was trying to agree with American private sector companies, in a bid to attract American investments.

The second project aims to transform Egypt into a logistic centre for grain trade, to become a global centre for the trade of grains and cereal in the Middle East.

SOURCE: MENA