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Egypt Independent
2 days ago
- Business
- Egypt Independent
President Sisi orders acceleration of logistics projects
CAIRO, July 27 (MENA) – President Abdel Fattah al-Sisi directed the government to continue efforts aimed at accelerating the implementation of all projects in line with pre-set timeframes including Integrated Developmental Logistics Corridor projects that connect production areas to seaports currently under development. The ports are to be transformed into global-level, high-capacity hubs, integrated with the modern transportation network – comprising roads, highways and railways – providing the necessary components to position Egypt as a global center for trade and logistics. During a meeting Sunday with prime Minister Mostafa Madbouly, Deputy Prime Minister for Industrial Development and Minister of Transport and Industry Kamel al-Wazir and General Advisor to the President for Financial Affairs Ahmed al-Shazly, President Sisi was briefed on progress of projects carried out under the Ministry of Transport and Industry, especially ventures related to the railway system, including Arish–Taba railway line and the completion of the Bir al-Abd–Arish railway project – expected to contribute to the development of the Sinai Peninsula and create a logistical corridor linking the Red Sea to the Mediterranean. Presidential Spokesman Mohamed al-Shenawy said, the meeting also covered updates on the development of seaports, given their central role in the country's development programs. In this context, the implementation progress of construction, development and upgrading of several ports was reviewed, including Ras Sedr, Gargoub, Abu Qir, the Grand Port of Alexandria, the new El-Max Port, the expansion of Ain Sokhna Port, the construction of Taba Port and development projects at Damietta Port. The spokesman added that the meeting also took up progress achieved in the fourth metro line in Cairo and the high-speed electric train project. It further discussed efforts to develop industrial zones in Wadi al-Sirriya and al-Motahhara in Minya Governorate and northern Fayoum in Fayoum Governorate. All efforts are part of broader initiatives to promote industrial development in Upper Egypt and create more job opportunities for citizens, mainly in labor-intensive industries including, textiles, ready-made garments and weaving, according to the spokesman. (MENA)
Middle East
3 days ago
- Business
- Middle East
OPEN// President Sisi orders acceleration of logistics projects
CAIRO, July 27 (MENA) - President Abdel Fattah El Sisi directed the government to continue efforts aimed at accelerating the implementation of all projects in line with pre-set timeframes including Integrated Developmental Logistics Corridor projects that connect production areas to seaports currently under development. The ports are to be transformed into global-level, high-capacity hubs, integrated with the modern transportation network - comprising roads, highways and railways - providing the necessary components to position Egypt as a global center for trade and logistics. During a meeting Sunday with prime Minister Mostafa Madbouli, Deputy Prime Minister for Industrial Development and Minister of Transport and Industry Kamel el-Wazir and General Advisor to the President for Financial Affairs Ahmed el-Shazly, President Sisi was briefed on progress of projects carried out under the Ministry of Transport and Industry, especially ventures related to the railway system, including Arish–Taba railway line and the completion of the Bir al-Abd–Arish railway project - expected to contribute to the development of the Sinai Peninsula and create a logistical corridor linking the Red Sea to the Mediterranean. Presidential Spokesman Mohamed el-Shenawy said, the meeting also covered updates on the development of seaports, given their central role in the country's development programs. In this context, the implementation progress of construction, development and upgrading of several ports was reviewed, including Ras Sedr, Gargoub, Abu Qir, the Grand Port of Alexandria, the new El-Max Port, the expansion of Ain Sokhna Port, the construction of Taba Port and development projects at Damietta Port. The spokesman added that the meeting also took up progress achieved in the fourth metro line in Cairo and the high-speed electric train project. It further discussed efforts to develop industrial zones in Wadi El-Sirriya and El-Motahhara in Minya Governorate and northern Fayoum in Fayoum Governorate. All efforts are part of broader initiatives to promote industrial development in Upper Egypt and create more job opportunities for citizens, mainly in labor-intensive industries including, textiles, ready-made garments and weaving, according to the spokesman. (MENA) S A S/M O H
