Egypt to deliver 4 mn sqm at the Suez Canal Zone to investors soon
It was a mixed bag on the airwaves last night:
Egypt is nearly ready to deliver 4 mn sqm to investors at the Suez Canal Economic Zone (SCEZ), Chairman of the SCEZ authority Yehia Zaki said, according to Al Hayah Al Youm (watch, runtime: 02:34). The authority will begin delivery after it’s done with improving the soil and infrastructure, and will announce the winning bids within three months, he said. Zaki also told the press that the first 500k sqm phase of the 5.25 mn sqm Russian Industrial Zone (RIZ) will be delivered to investors by the end of the year. The first phase was originally scheduled to be delivered in March 2020, Zaki added. The announcement coincided with the arrival of a Russian business delegation headed by Russian Industry and Trade Minister Denis Mantrov.
El Sisi meets IFAD boss: President Abdel Fattah El Sisi discussed investment and development with UN International Fund for Agricultural Development (IFAD) President Gilbert F. Houngbo yesterday, Al Hayah Al Youm’s Lobna Assal noted (watch, runtime: 02:00). The IFAD has projects in Egypt aiming to reduce poverty in rural communities with a focus on agriculture development, food security, employment for rural youth, and supporting farmers in cases of climate change affecting their crops.
Egypt’s monorail project is going according to schedule, Transport Minister Kamal El Wazir reassured El Hekaya’s Amr Adib (watch, runtime: 03:30).