OPEN// PM affirms no plans to sell state assets
During a press conference after the weekly cabinet meeting in New Alamein city on Wednesday, Madbouli noted that partnerships with the private sector or foreign investors will help run and expand these assets, affirming that some properties cannot be sold due to legal and historic protections.
The premier also added that the government is focusing on boosting tourism in New Alamein by expanding hotel capacity and year-round attractions.
He noted that international tourist numbers visiting the city are on the rise, and the city is no longer seasonal. With new industrial zones, New Alamein is expected to become a permanent residence and job center.
Additionally, Madbouli confirmed that work at El Dabaa nuclear project is progressing, with minor delays being addressed. He revealed that the site now employs around 24,000 workers, 80% of them are Egyptians.
The plant, once complete, will include four reactors and is expected to produce more than double the electricity generated by the Aswan High Dam.
Madbouli stated that despite the high initial cost, the plant will reduce the need for imported fuel and generate long-term savings. (MENA)
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