PM inspects major PPP real estate projectSource: www.export-egypt.com 2/11/2023, Location: Africa |
|
|
|
|
|
Prime Minister Mostafa Madbouli made an inspection tour of the important "Sun Capital" real estate project which is one of the first projects to be based on the public-private partnerships (PPP) model.
The Sun Capital partnership links the state represented by the Ministry of Housing and the New Urban Communities Authority with the private sector represented by a real estate developer. The initiative was inspired by the economic conference organized by the Egyptian state in 2015, he said during a press conference. Today, “we are reaping the benefits of the idea of collaboration with the private sector,” the premier said. Stretching in full view of the Giza Pyramids, Sun Capital, includes not only a residential project but also a group of hotels that will be established at the highest level with more than 1,500 hotel rooms that will be added to Egypt's hotel capacity to serve the pyramids and the Grand Egyptian Museum zone, as well as educational and commercial services, he added. “I confirm that this is the model that the Egyptian state is following, attempting to collaborate with the private sector to go forward and launch its greatest possible power, Madbouli concluded”. The prime minister was inspecting projects in the 6th of October City, including three major industrial projects; two of which are in the food industry, while the third is a pioneering project in the automotive industry. He said that the state is doing everything it can to help the private sector contribute more to the Egyptian economy. “My office is ready to take any ideas or complaints about challenges the private sector is experiencing to help to overcome all obstacles hampering business activities,” he added. |
|
|
Financials and Investment News in Egypt >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Egypt Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | |
