Residential, Industrial Project to be Launched in Marsa Matrouh Governorate

Residential, Industrial Project to be Launched in Marsa Matrouh Governorate
Egypt’s Petroleum Minister Sherif Ismail talks during an interview with Reuters on investments undertaken by his country, which is facing an energy crisis, at his office in Cairo September 22, 2014. Egypt plans to invest $14.5 billion in developing its refining and petrochemicals sectors over the next five years, Ismail said, as part of efforts to overcome an energy crisis that has led to near-daily power cuts and hit company profits. Picture taken September 22. REUTERS/Amr Abdallah Dalsh (EGYPT – Tags: ENERGY POLITICS BUSINESS)

Egypt plans to develop the coastal governorates by established a new project called Jarjob City and Port in Marsa Matrouh governorate, Invest-Gate reports.

Prime Minister Sherif Ismail announces the plan during a meeting with Ministers of Transportation and Justice earlier this week, according to a released statement.

The aim behind the developments is to establish residential complexes and economic zones.

The meeting also tackled the government’s strategic vision for the project and capitalizing its unique location and economic capabilities.

Fatma Khaled 379 Posts

An aspiring journalist always seeking to deliver the best of everyday's news. I am a very enthusiastic Egyptian who is committed to journalism and what I could give as a journalist/ writer through reporting on business and political news.

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