Improving infrastructure is seen as important to provide access to jobs, markets and basic services. It is also essential for the efficient movement of goods and services, which could ensure less waste, lower costs and could bolster Egypt’s export potential.
On Jan. 14, Prime Minister Mostafa Madbouly attended the construction launch of the Green River project, worth 9 billion Egyptian pounds ($501.8 million), in the $45 billion new administrative capital. Seven construction companies are working on the project, which involves hundreds of workers.
Madbouly said during the ceremony that the man-made river will link a series of the new administrative capital’s “smart,” modern neighborhoods and will feature a chain of gardens making up one of the most distinctive botanical parks in the world.
Saudi Arabia intends to offer water and farming projects worth around 36 billion Saudi riyals ($9.6 billion) to investors in the first quarter of 2019, a newspaper in the world’s largest oil exporter reported on Sunday.
The Environment, Water and Agriculture Ministry will issue tenders for the projects as part of plans to expand desalinated water and farming production in the Gulf kingdom, the Arabic language daily Aleqtisadia said.
Kuwait Fund for Arab Economic Development (KFAED) said it has signed a deal with Egyptian government to provide funding worth KD15 million ($50 million) for the construction of four water desalination plants in South Sinai region of the country.
President Abdel Fatah al-Sisi inaugurated on Saturday six housing projects and three water plants. The president visited Mahrousa 1 social housing project in Al Jabal Al Asfar in Daqahliyah governorate, which is part of Greater Cairo, while inaugurated the rest via video conference.
The other social housing projects are located in Al Asher Min Ramadan City, New October City, and 3,348 residential units in Cairo’s Badr City, and South Sinai. That is in addition to Ahalina 1 social housing project in Salam city in Cairo.
Egypt and the Kuwait Fund for Arab Economic Development signed two agreements on Saturday to establish an EGP 1.4 billion water system in Bahr Al-Bakr and to finance four desalination plants in South Sinai governorate for EGP 880.5 million.
Troubled waters for holy site – the Sea of Galilee recedes to its lowest level in a century – Israel
After four consecutive years of drought, Israel depends heavily on its desalination program for water, but the state comptroller said on Monday that the state’s water management is to blame for a shortfall in the supply of desalinated water.
“The Water Authority is charged with the responsibility for the country’s most important natural resource but has for years managed the water in a way that is not suitable for the scale of responsibility that it entails,” State Comptroller Yosef Shapira charged in his annual report published on Monday.