News

Egypt Signs Agreements to Develop Drinking Water Networks, Establish Local Companies in Sinai

Egypt Signs Agreements to Develop Drinking Water Networks, Establish Local Companies in Sinai

pablo (77)

The Secretary General of Egypt’s Social Fund for Development (SFD) and the governor of South Sinai signed an agreement on Saturday aimed at improving the quality of drinking water in the Sinai Peninsula, the Ministry of International Cooperation announced in a statement.

The agreement is worth EGP 350.000, including EGP 300,000 provided by the SFD through a German debt swap agreement, with the remaining EGP 50,000 funded by the local governorate.

The project aims to extend drinking water networks in the disadvantaged areas of El-Mallil and El-Fanar in South Sinai’s Dahab City and is expected to create 700 jobs during its implementation.

A second agreement was signed by the SFD and the Local Community Development Society Abu Zanima to finance micro enterprises in the peninsula. The deal will see the establishment of a number of new projects, as well as the development of existing ones through the allocation of additional funds.

The deal will see a greater focus on empowering women and youth in disadvantaged areas of the Sinai, which, according to the Ministry of International Cooperation’s statement, will “provide permanent job opportunities, increase production, and improve standards of living.”

The two agreements were overseen by Minister of International Cooperation Sahar Nasr and Minister of Trade and Industry Tarek Kabil during a visit to South Sinai, where they distributed hundreds of food cartons and clothes to underprivileged families ahead of the holy month of Ramadan.

During the visit, Nasr emphasized the government’s priority to improve the living standards of Egypt’s poor and stressed her support for people living in underdeveloped areas.

Meanwhile, Kabil announced that he had approved a plan to establish a new industrial zone in South Sinai worth EGP 820 million, according to Aswat Masriya.

On her part, Minister of Investment Dalia Khorshid, who was also present during the visit, said that her ministry is seeking to attract both Egyptian and foreign investments to the Peninsula.

“We obtained loans and grants from Arab development funds…We are working on four aspects, including roads, infrastructure, water, sewage and desalination plants,” she said.

Egypt’s Sinai Peninsula has for decades suffered from the absence of economic development and the lack of priority given to it by successive Egyptian governments.

Egypt has recently signed a number of agreements aimed at developing the peninsula, including with the Saudi Public Investment Fund and the Saudi Fund for Development that are expected to see the establishment of new agricultural and residential projects in the area.

China to Build Large Textile Zone in Egypt’s Minya
Egypt's President Vows to End Problem of Informal Housing Within Two Years

Subscribe to our newsletter


News

More in News

Egypt’s Sisi Makes ‘First Step’ in Recognizing Armenian Genocide: ANCE

Egyptian StreetsFebruary 19, 2019

Uber Egypt Will Start Paying Value-Added Tax to Appease White Taxi Drivers

Nour EltiganiFebruary 19, 2019

Explosion Behind Al-Azhar Mosque in Cairo

Egyptian StreetsFebruary 18, 2019

Photojournalist Shawkan’s Release Procedures Supposedly Underway

Egyptian StreetsFebruary 18, 2019

Apple and Google Urged to Remove Saudi App ‘Absher’ for Tracking Women

Egyptian StreetsFebruary 18, 2019

Egyptian Parliament Member Encourages Egyptian Students in Sudan to Come Back Home

Egyptian StreetsFebruary 18, 2019

Egypt’s New Capital to Be First ‘Cashless’ City in the Country

Egyptian StreetsFebruary 17, 2019

Egypt’s Ministry of Health and Education Launch a Campaign For Anemia, Dwarfism and Obesity

Egyptian StreetsFebruary 17, 2019
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2017 Egyptian Streets. All Rights Reserved.