Egypt to Establish Economic Zone of Golden Triangle

Tuesday, 25th July 2017
by Menna A. Farouk

Egyptian President Abdel Fattah al-Sisi gives an address after the gunmen attack in Minya, accompanied by leaders of the Supreme Council of the Armed Forces and the Supreme Council for Police (unseen), at the Ittihadiya presidential palace in Cairo, Egypt, May 26, 2017 in this handout picture courtesy of the Egyptian Presidency. The Egyptian Presidency/Handout via REUTERS ATTENTION EDITORS – THIS IMAGE WAS PROVIDED BY A THIRD PARTY. EDITORIAL USE ONLY. TPX IMAGES OF THE DAY

Egypt will establish an economic zone in the Golden Triangle area spanning along the cities of Safa and Quseir at its base with the Upper Egyptian city of Qena at the top, Invest-Gate reports.

Egyptian President Abdel-Fattah El-Sisi issued on July 24 a decree for establishing the new project. The economic zone of Egypt’s Golden Triangle will be built on an area of 2.2 mn feddans in Upper Egypt.

The Golden Triangle Specialized Economic Zone (SEZ) aims to attract global mining investors.

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Menna A. Farouk 368 Posts

Menna A. Farouk is a Cairo-based reporter. She has contributed to several international news organizations, including Deutsche Welle, Al-Monitor and Global Voices.