(AFP photo)
The next government is set to propose a new worldwide investment plan that will seek to establish industrial zones in three parts of the Suez Canal region, the first being the North-West Gulf of Suez region. Development of this region would include utilizing the Ain Sokhna and al-Adabia ports which were important to promote the country’s growing logistics industries.
The country’s second hub would be located in the technological valley of East Ismailia, which could be used to help construct solar panels and other forms of renewable energy. So far 11 investors have expressed desire to do business in the region.
The third region would be located in eastern Port Said, where there exist plans to increase fuel for the production of cars and other industries, such as medicals, chemicals and textiles, all of which are critical Egyptian exports, whose production would be based out of Port Said. Salah added that the Industry, Investment, Housing and Transportation Ministries were all co-operating to help develop these hubs, looking to move away from the government’s previous industrial philosophy of constructing isolated island like production zones, and closer to the idea of creating industry hubs near residential areas in order to shorten commutes for workers and employees.
He finished saying that, “we hope to utilize all of Egypt’s land resources to build industrial zones that incorporate industrial, agricultural, tourist and cultural facilities. We hope to be able to provide the necessary amount of human and material resources to accomplish this goal by 2022.”
