Egyptian National and Strategic Development Projects: News and Updates

[The SC]

The Cabinet’s Information and Decision Support Center has reported Fitch Solutions’ expectations of an increase in the nominal gross domestic product (GDP) to reach $943.4 billion in 2030.. referring to expectations of an increase in the volume of foreign reserves by 35% compared to 2020, in addition to a decrease in the budget deficit, unemployment rate and inflation rate by 21%, 2%, and 0.3%, respectively..

 

[Gomig-21]

The Cabinet’s Information and Decision Support Center has reported Fitch Solutions’ expectations of an increase in the nominal gross domestic product (GDP) to reach $943.4 billion in 2030.. referring to expectations of an increase in the volume of foreign reserves by 35% compared to 2020, in addition to a decrease in the budget deficit, unemployment rate and inflation rate by 21%, 2%, and 0.3%, respectively..

That's almost 1 $trillion projected in about 9 years which is really great. The only stat that doesn't appear that good is the unemployment rate, but it has surged pretty well in the past few years leading up to the pandemic.

They also had these GDP projections for African nations and Nigeria was also doing very well with the potential in its growth too.

The thing that is really impressive to me on top of all these projections is the current economic status and the huge, very costly and important projects they're currently performing (which are huge contributors to these numbers) and you have posted pretty much all of them in the recent pages on this thread such as building the new capital, the Dabaa nuclear power plant and most importantly are all the new and incredibly numerous housing projects they've already built to remove the slums and offer all those people new and much better housing. Those, to me, are really fantastic and hit home more than all the other super impressive projects, MashaAllah.

 

[The SC]

That's almost 1 $trillion projected in about 9 years which is really great. The only stat that doesn't appear that good is the unemployment rate, but it has surged pretty well in the past few years leading up to the pandemic.

They also had these GDP projections for African nations and Nigeria was also doing very well with the potential in its growth too.

The thing that is really impressive to me on top of all these projections is the current economic status and the huge, very costly and important projects they're currently performing (which are huge contributors to these numbers) and you have posted pretty much all of them in the recent pages on this thread such as building the new capital, the Dabaa nuclear power plant and most importantly are all the new and incredibly numerous housing projects they've already built to remove the slums and offer all those people new and much better housing. Those, to me, are really fantastic and hit home more than all the other super impressive projects, MashaAllah.

I believe the GDP will exceed the $1 trillion by 2030.. including the inflation rates..
In economic terms 7% unemployment rate is very very acceptable.. let alone 6%.. but lower is even better .. you are right..

 

[The SC]

The Red Sea Governorate unveils the city of "Riviera Sahl Hasheesh", the latest Egyptian fourth-generation city on an area of 14,000 acres.

The new city is scheduled to be implemented in the desert hinterland of Hurghada for the development of the area south of the tourist villages, which is located 25 km from Downtown Hurghada

The new city includes: an opera house - an international conference hall - an amusement park - a Venice neighborhood, a miniature version of the Italian city of Venice - a central garden - a neighborhood of luxury villas and palaces - a safari area - a residential area - a service area - a chain of luxury hotels and resorts - an artificial lake - a tram Fast to connect city neighborhoods..

The city of Sahl Hasheesh is located 194 km from the city of Luxor and provides 150,000 job opportunities for the people of Upper Egypt. It is different from the new city of Hurghada, whose designs are currently being completed with major Egyptian and international offices.

 

[The SC]

The construction process of Abu Qir Great Port and the new city of Abu Qir

 

[Gomig-21]

The new capital is insane. That opening celebration is going to be nuts lol.

 

[The SC]

Port Said Governor receives representatives of the Italian Lamborghini company today in preparation for the signing of a number of important projects and investments in the governorate, including a factory to manufacture parts for the famous Lamborghini cars.

=======================================

3 of the giants of the auto industry in the world are planning to invest in Egypt..

Companies from the giants of the automotive industry in the world: Nissan Africa, Skoda International, and Bosch presented their plans to make major investments in the field of automobile manufacturing in the East Port Said region..


Nissan

Skoda

Bosch

 

[The SC]

UC developments officially launches its new project, East Tower, with a height of 180 meters in the new administrative capital..

 

[The SC]

The new capital is insane. That opening celebration is going to be nuts lol.

How Egypt's new capital will look like

 

[Saddam Hussein]

General Sisi needs a statue

 

[The SC]

The first center to control and monitor the performance of the largest solar energy complex in Benban City, Aswan Governorate..

The Benban Solar Complex is the largest solar power plant in Africa and the Middle East..The center contributes to monitoring the performance of 32 solar power plants with a total capacity of 1,465 megawatts..equivalent to 90% of the energy produced from the High Dam.

 

[The SC]

The opening of the water treatment plant "Bahr Al-Baqar Bank", which is the largest of its kind in the world.

The "Bahr al-Baqar" plant was implemented at a cost of 20 billion pounds, with a production capacity of 5.6 million cubic meters per day of triple-treated water.

The preparing of 400,000 feddans for agriculture in central Sinai after the opening of the Bahr al-Baqar plant.. The crops expected to be planted are grains, vegetables, fruits, oil plants, medicinal, aromatic and fodder.. It contributes to attracting investments and settling 8 million citizens in the Sinai desert..

The Bahr al-Baqar plant will provide water for irrigation of an area of 500,000 feddans in North Sinai, in addition to another 400,000 feddans that will be irrigated from the water of the Salam Canal, so that in North Sinai it will become one million feddans that have a water course and are suitable for agriculture, on top of the areas cultivated on the water wells currently.

In his speech during the inauguration of the largest station in the world, the Egyptian president stressed, "I thank all those who work here, something we are honored and happy to finish the station in two years, what was done is a very huge effort and the station needed 10 or 15 years without exaggeration."

Guinness record award

There is more to come:

The construction of the largest agricultural wastewater treatment plant in Al-Hamam, to cultivate 500,000 feddans, with Egyptian funding has begun..

World’s largest agricultural wastewater treatment plant to be built in Upper Egypt

https://enterprise.press/stories/20...tment-plant-to-be-built-in-upper-egypt-34134/


Related:

Sisi: Lake Manzala is a live fish farm, and we will export from it to the whole world

 

[The SC]

It is great to see Egypt export iron despite the number of new cities and giant projects that are being built at the same time and its huge need for iron for these projects..

Egypt topped the Arab countries’ production of steel in August, with an increase of 52%
Saudi Arabia ranked second, with a production of 750,000 tons, and the UAE third..

 

[The SC]

Egypt has decided to have the largest ports on the Red Sea and the largest ports on the Mediterranean

1- Sokhna port on the Red Sea at a cost of $2 billion
2- Abu Qir port on the Mediterranean at a cost of $2 billion
3- East Port Said Port, at a cost of $2.5 billion
4- El Max Port at a cost of one billion dollars
5- Alexandria Great Port at a cost of $2 billion

All these ports will be connected together with the dry ports that the state implements in the deserts of Giza and Upper Egypt with fast electric trains.. Hence he goods will land at the sea port, the express train will take them and transport them to the dry ports immediately, and from these dry ports, they will be distributed to the cities of the country, and vice versa. The Egyptian factories will supply their products to the dry ports, and the express trains will take them to the seaports to be exported. This is integrated with the national project, mechanizing customs to prevent corruption and smuggled goods. With the new decision of the president that no goods will be imported unless they are on European specifications..

 

[The SC]

"As for our housing issue, this is not a problem. I will let you walk around and get tired in apartments” | Abdel Fattah El-Sisi - August 2021.

From 1976 until 2005 (30 years), Egypt implemented 1.2 million new housing units, at 42,000 units per year.

From 2005 to 2013 (8 years), Egypt implemented 383 thousand housing units, at a rate of 48 thousand units per year.

From 2015 to 2021 (7 years), Egypt implemented 1.5 million housing units, at a rate of 225 thousand units per year

This mean, in the last 7 years, Egypt implemented housing units equal to what was implemented in 38 years..

The 1.5 million housing units that were implemented in the last 7 years cost 600 billion pounds, which means more than 38 billion dollars, and this represents 10% of the state's investments in this period.

The 1.5 million housing units worldwide included a quarter of a million apartments for residents of slums and unsafe areas in 25 governorates, with one million Egyptians, and the rest was divided between social housing, medium housing, above-average housing, luxury housing, and ultra-luxury housing.

Now Egypt is building one million new housing units, at a rate of 250,000 housing units per year, to be completed by 2026, and before they are finished, 2 million new housing units will be started , at a rate of 500,000 housing units per year (10 times what Egypt used to implement in a year) and they will be finished by 2030.

In 2014, the inhabited area in Egypt was only 6%, and the vast majority were centered around the Nile. Now, Egypt is striving during the next 9 years to reach 14% of these, which means that in 9 years Egyptians will live in more than the area that they have inhabited over the past 7000-8000 years.

The “New Republic” is all planned at the highest level, from Damietta to Aswan. New cities have wide streets, their houses are regulated, and their transportation is modern. Cities have no place for slums.

One of the luxury residential compounds newly joined to the city of Alexandria at a cost of 1.3 billion dollars..Owned by the Ministry of Housing in partnership with an Egyptian private sector company..