Egypt sets to complete 21K developmental projects in coming 3 years: PM Madbouly

CAIRO – 23 January 2020: Egyptian Prime Minister Mostafa Madbouly revealed on Saturday progress Egypt achieved in its comprehensive development vision, saying that the country is currently implementing 21,000 projects that are set to be finalized within the coming three years.

Madbouly’s statements were made during the inauguration of “Al-Fayrouz” fish farming project; the largest of its kind in the Middle East. He explained that the total cost of the national mega projects that Egypt is currently working on amount to L.E. 5.8 trillion, with more than L.E. 3 trillion are spent thus far.

He further launched a national project for developing Egyptian villages, from Port Said city, as part of “Decent Life” initiative, under the sponsorship of President Abdel Fattah El Sisi.

Madbouli was speaking on Saturday during the inauguration of El Fayrouz fish farming project in East of El Tafreah in Port Said Governorate with president Abdel Fattah El Sisi attending.

In his speech, Madbouly said that Egypt’s Vision 2030 targets to improve quality of life for all citizens in rural and urban areas, adding that the country is establishing 30 new cities within the next four years at investment cost of nearly L.E. 700 billion, to accommodate 30 million people. He also added that the country has been working in full swing to relocate citizens from unsafe residents to new housing units.

Egypt has spent L.E. 220 billion to develop the railway facility, and has achieved surplus in its electricity production after investing more than L.E. 500 billion in the sector, said Madbouly.

He explained that Egypt connects with all neighboring countries to export electricity, aiming to become an energy hub in the region.  

Madbouly further added that Egypt is exerting great efforts to develop Egyptian ports, with total investment cost of L.E. 50 billion dedicated to raise efficiency of dry ports, “to make Egypt a hub for global trade and provide all services.”

“The state is fully working to develop health affairs,” he said, citing “100 Million Healthy Lives” initiative that was launched by President Abdel Fatah al-Sisi among other initiatives to end waiting lists in surgeries, improve women health, and to examine students’ health status at schools and universities.  

Egypt seeks to apply the newly-established comprehensive health insurance system within 10 years instead of 15 years, he added.

President Abdel Fatah al-Sisi arrived Saturday to inaugurate the Al-Fayrouz Fish Farming project in Port Said.

The project is considered the largest of its kind in the Middle East region, as it is founded on 15,000 feddans. It contributes to the development of the Suez Canal Economic Zone, and Sinai Peninsula through establishing industrial and urban complexes.  

The project provides 10,000 job opportunities in different professions and specialties in this field.

It aims to bridge the gap between production and consumption; achieve self-sufficiency; reduce imports, increase exports to Arab and European markets and provide hard currency to support the national economy.

President Sisi is scheduled to inaugurate a number of marble and granite production projects in Ras Sidr and Ain Sokhna, in addition to dairy and animal production in Nubaria and Fayoum via video conference Saturday.