Egypt’s president orders localizing industries of producing renewable energy
According to Egypt Today, Egyptian President Abdel Fattah El-Sisi ordered localizing complementary industries for the production of new and renewable energy, including green fuel, in a meeting with officials yesterday.
The meeting was attended by Prime Minister Mostafa Madbouly, Transport Minister Kamel El-Wazir, Chairman of the General Authority of the Suez Canal Economic Zone (SCZone) Walid Sami, and Chairman of the Engineering Authority of the Armed Forces Ahmad Al-Azazy, according to the presidency.
During the meeting, Sisi ordered working on localizing complementary industries related to the production of new and renewable energy in light of their multiple uses in various fields, including water plants, a major component in many projects nationwide.
The president stressed the importance of stepping-up investment efforts and activities of the SCZone by forming an effective investment entity for the zone in its affiliated projects.
Sisi also directed that the zone’s potential be fully utilized, particularly its prominent geographic location in the Suez Canal at the crossroads of the world’s most important shipping lanes.
According to the presidency, this presents promising opportunities for the zone to become a regional and global hub for green fuel production projects, maximizing its return and consolidating Egypt’s position in the region’s energy production and distribution.
The president also ordered the development of the industrial zones under the umbrella of the SCZone into integrated cities that provide services and residential communities, as part of efforts to expand the comprehensive development in the canal zone.
Sisi also ordered the Suez-Sokhna Road to be upgraded in order to improve the level of services and safety along the road by increasing the number of traffic lanes, separating heavy trucks from other vehicles, and upgrading railway slides.
The development of the road will also contribute to achieving the development goals in the region by enhancing the connection between ports and the integration with the New Suez City as well as facilitating entry and exit between those areas, the president added.