Egypt's PM follows up projects at Suez Canal Economic Zone

 

Egypt, June 5 (MENA) - Prime Minister Moustafa Madbouli on Saturday started a tour of the Suez Canal Economic Zone for following up recent developments of implementing projects there.

 

He was accompanied by Minister of Oil Tarek El Mulla, Minister of Transport Kamel Wazir and Governor of Port Said Adel El Ghadban along with Governor of Suez Abdel Maguid Saqr.

 

The accompanying delegation included also Governor of Ismailia Sherif Fahmy and head of the zone Yahia Zaki.

 

The prime minister confirmed that the zone is one of the most important national projects in Egypt and President Abdel Fattah El Sisi is following up the projects being implemented there.

 

He added that the president issued directives for working to attract to the zone investments for localizing technology and providing jobs.

 

The prime minister started his tour by visiting the Red Sea Complex for Petrochemicals for laying down the foundation stone of the first industrial complex for petrochemicals in the zone.

 

The complex's annual production hits one million tons.

 

Minister of Oil Tarek El Mulla said that the project is set up over an area of 3.56 million square meters at a total cost of 7.5 billion dollars. It will provide around 15,000 jobs for young people.