Egypt Sees $20 bln Foreign Aviation Investments within 10 YearsSource: www.export-egypt.com 12/5/2013, Location: Africa |
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Speaking to the Gulf-Egyptian Investment Forum 2013, the Egyptian of Minister Civil Aviation Abdul Aziz Fadel said the aviation sector in Egypt represents an alluring element for having foreign investments in the country. He pointed out that UAE has made prominent progress in investing in the Egyptian aviation sector.
The aviation business is playing an important role to attract investments, the minister noted. Fadel has pointed out that the expected investment’s size of aviation sector worth $20 billion within 10 years, explaining that Cairo Airport city is a term for an "inside the fence" airport area including the airport (terminals, apron, and runways) and on-airport businesses such as air cargo, logistics, offices, retail, and hotels. The airport city is at the core of the aerotropolis, a new urban form evolving around many major airports will be established with total investment $17 billion. Fadel illustrated that it is schedule to launch two satellites in order to cover the aviation sector in Africa with total investments up $860 million. |
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