Egyptian National and Strategic Development Projects: News and Updates

[The SC]

Egypt's foreign trade grows 22% to reach $70.3 billion in 7 months

https://amwalalghad.com/2021/10/13/تجارة-مصر-الخارجية-تنمو-22-لتصل-لـ-70-3-مليار/

 

[Gomig-21]

The Correctional and Rehabilitation Center (CRC)

The New Prisons Complex will include courts complex, library, biggest-ever prison hospital and solar parks in addition to agricultural & industrial activities.

The New Prisons Project will represent a paradigm shift in improving Egypt's prisons conditions.

A paradigm shift indeed! Look at that! Unbelievable and what a great idea to include all those amenities, even if they are for criminals and law-breakers. They all deserve a chance at rehabilitation and fair treatment, depending on their crimes, of course. But for those who have relatively short sentences or committed small crimes and even those with 10 year sentences and such, they'll benefit greatly from this so when they're released, they're in a much better position to repent and rebuild their lives and be fruitful contributors to Egyptian society. Great inclusion in the rebuilding process. Truly remarkable they thought of everything.

I do know that terrorist or those involved in terrorism will have completely different types of accommodations, so to speak!

Egypt's foreign trade grows 22% to reach $70.3 billion in 7 months

https://amwalalghad.com/2021/10/13/تجارة-مصر-الخارجية-تنمو-22-لتصل-لـ-70-3-مليار/

lol, I don't think many realize how staggering those numbers are, SC bro. Many on this forum think Egypt is stuck in 1995, especially the haters unfortunately. But this is such great stuff ma man.

Just look at that $70 billion in 7 months is a clear indication of the pace of GDP growth as well. Remarkable will be a repetitive term used on this thread.

BTW, the South Korean negotiations to provide additional technical support for the new Dabaa Nuclear power plant is well underway, but the funny part is how the K-9 Howitzer is included in the deal LOLOL! Incredible and just shows you how negotiations have become not only one of Egypt strong assets lately, but very innovative! To include a modern piece of artillery with a nuclear power plant's developing technology is quite creative and a new concept!

LOL!

And the construction in the new administrative capital is moving right along.

The new Central Business District (CBD).

The new Egyptian Parliament Building.

The new People's Square and the Government District.

Masjig Misr, and Egypt's new Islamic Cultural Center.

@Ramses Akhenaten Ahmose , have you seen this thread? Just wondering since you're relatively new, and it's in the Middle East section. I think you'll enjoy @The SC 's tireless efforts and updates. The man is incredible MashaAllah and his work just on this thread is AMAZING. I'm sure you will enjoy following it as I do. Eshtah ya m3alem.

 

[The SC]

A historic agreement with investments of 2.5 billion euros, Egypt signs a memorandum to provide Greece and Europe with electricity through a submarine electric cable..

With a production rate of 15 million cubic feet of gas per day, the General Petroleum Corporation starts production from the Northwest Seas gas field

 

[Gomig-21]

Breaking, just came out: Egypt succeeds in turning the balance of Payments Deficit into a Surplus in fiscal year 20/21 compared to 19/20. Surplus of $1.9 bn instead of a deficit of $8.6 bn.

And for the first time, FDI were concentrated in non-oil sectors at $6.4 bn. In oil sector, no new flows. Total FDI has therefore declined. But the positive is that all flows are in non-oil sectors, which is a turning point.

Tremendous turnaround and a staggering improvement!
Amazing how people don't get exposed to this kind of news, but only the old news of 2013 of Saudi Arabia and the UAE "giving" Egypt money to buy weapons! The whole narrative is bastardized with the influence of exposure and non-exposure that results in the manipulation of billions of people's minds. It's truly scary. But if we keep promoting the ground realities like this, we can do our part to correct that false and corruptive narrative.

 

[The SC]

 

[Gomig-21]

Egypt’s BoP records surplus of $1.9bln in FY 2020-2021: Cabinet

MENA , Tuesday 19 Oct 2021

Egypt’s balance of payments recorded a total surplus of $1.9 billion in fiscal year 2020-2021 due to a surge in the net inflow into the capital and financial account which registered $23.4 billion in 2020/2021 against $5.4 billion recorded in 2019/2020, the cabinet Information and Decision Support Center (IDSC) said in an infographic published on Tuesday.

This is attributed to achieving a net inflow in Egypt's investment portfolio by $18.7 billion in addition to a slight increase seen in the foreign direct investment (FDI) in non-oil sectors by $70.2 million, showed the infographic.
Positive factors that helped mitigate the aggravation of the current account deficit include an increase in expats’ remittances that hit $31.4 billion in 2020/2021, recording a growth rate of 13.2% compared to FY 2020/2019 in addition to a decrease in the oil trade balance deficit which recorded $6.7 million in 2020/2021, according to the infographic.

Source.

Tremendous jump from 19/20 to 20/21, wow!

 

[Titanium100]

A historic agreement with investments of 2.5 billion euros, Egypt signs a memorandum to provide Greece and Europe with electricity through a submarine electric cable..

With a production rate of 15 million cubic feet of gas per day, the General Petroleum Corporation starts production from the Northwest Seas gas field

Egypt is transforming for the better. The 20 city construction is great undertaking and life changing

 

[The SC]

How this mega-project will make Egypt the continent's largest fish producer

 

[The SC]

Egyptian famous cotton is back..

Negotiations to establish a factory for the production of wood from palm leaves in the New Valley, with a production rate of 100,000 cubic meters..

 

[The SC]

During his visit to Paris and his meeting with representatives of French companies..Dr. Mostafa Madbouly, Prime Minister in response to a question from a French company: Artificial intelligence will play a pivotal role in the new republic

 

[The SC]

June 2023..The opening of the first pharmaceutical factory of plasma derivatives in Egypt, Africa and the Middle East.

Pharmaceutical factories based on plasma derivatives are only present in 15 countries around the world, and these are factories that produce medicines to treat hepatitis, AIDS, chronic bleeding (hemophilia), leukemia and kidney failure diseases.

The new factory is a national project to provide a very, very important strategic product..

The new factory is in partnership between the Spanish company Grifols and the National Service Projects Organization ..

 

[The SC]

Signing a partnership contract to establish a factory for the production of CNC programmed automatic control machines and equipment in Egypt..

The partnership contract was signed by Lieutenant-General Abdel Moneim Al-Terras, President of the Arab Organization for Industrialization, and Christian Tounis, Chairman of the Executive Board of DMG Mori.

The establishment of a factory for the production of automatic CNC machines, which is the first of its kind on the African continent, comes within the framework of what was agreed upon during a meeting of President Abdel Fattah El-Sisi, President of the Republic, with company officials.

A fully automated and highly-programmed factory for the production of turning and milling equipment on an area of about 60,000 m2 within the headquarters of the Arab Organization for Industrialization. It is the first smart factory of its kind in Egypt and Africa, and is scheduled to be officially opened in 2023.
‎
This plant provides all capabilities for comprehensive technical solutions, which include flexible automation, full digitization, and advanced flow aggregation, by using automated guided vehicle transmission systems, and production is linked to the annual capacity of more than 1,000 machines, in addition to industrial digitization services for factories as well as Establishing an academy for training on such equipment. ‎

https://ca-en.dmgmori.com/products?...JE3t-ajYi3OxNqpLXqwTvOIVCdM7imbAaAkTKEALw_wcB


In related news: "The Minister of Military Production" discusses with "D M G MORI" the establishment of the largest and most modern foundry for engineering industries..

 

[The SC]

The President of Cairo University announced the completion of 90% of the construction and equipment of Cairo International University in 6th of October City, according to the same architectural style as the mother university, indicating that the study is scheduled to start there as of the next academic year.

 

[The SC]

The European Investment Bank: Sisi’s decision to cancel the state of emergency will attract more investments to Egypt..

 

[The SC]