News

Egypt Launches EGP 150 Billion Sinai Development Project

Egypt Launches EGP 150 Billion Sinai Development Project

Archive photo of Sisi giving a speech in June 2014.
Archive photo of Sisi giving a speech in June 2014.

Egyptian President Abdel Fattah Al-Sisi launched on Friday the Sinai development project at a cost of EGP 150 billion, announced the Presidency.

The project, which is partly funded by Saudi Arabia, will see the development of new residential cities in North and South Sinai.

According to Egypt’s State Information Service, 77,237 residential units will be built by the end of 2017. The project will also seen 10,000 new residential units and 400 Bedouin houses erected in Rafah.

Meanwhile, the first stage of the new Ismailia city will be completed by October, with a total of 12,244 residential units, with the second stage completed by April 2017, bringing the total to 45,756 units.

The project will also see the furtherance of President Sisi’s agricultural development agenda, with 350 greenhouses to be established and run by Bedouins. Fish farms and other projects will also be implemented, providing new job opportunities.

North Sinai has since former president Mohamed Morsi was ousted in 2013 seen a rise in militancy. It has become a stronghold for the so-called Islamic State group, which has carried out numerous deadly attacks against Egyptian security forces.

However, Egypt’s President Sisi has vowed to restore order to the region, with security and development taking a lead.

Egypt's Former Top Auditor Referred to Trial for 'Disturbing Public Order', Released on Bail
German Parliament Recognizes Armenian Genocide, Turkey Recalls Ambassador

Subscribe to our newsletter


News

More in News

Netflix Releases a Teaser for its First Arabic Original Show ‘Jinn’

Nour EltiganiMay 22, 2019

First Time For Arabic Novel In Translation To Win Man Booker International Prize

Egyptian StreetsMay 22, 2019

Mubarak: Trump’s Peace Deal Can Blow Up the Region

Egyptian StreetsMay 20, 2019

Egypt’s Minister of Tourism Goes to the Pyramids with the Tourists from the Bus Explosion

Egyptian StreetsMay 20, 2019

AI to Boost Egypt’s GDP by 7.7% in 2030: Minister of Higher Eduction Predicts

Egyptian StreetsMay 19, 2019

Explosion Reported Near Grand Egyptian Museum

Egyptian StreetsMay 19, 2019

Egypt’s New Rod-Al Farag Axis Bridge Receives Guinness World Record Certificate

Egyptian StreetsMay 18, 2019

‘Direxiona’: Egyptian Platform for Female Driving Instructors Wins First Prize in AFD Competition

Egyptian StreetsMay 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.