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Investment
Projects
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Realizing that the private sector is the engine for growth in the Egyptian economy, the government of Egypt has, since the beginning of the economic reform program in 1991,focused on investing in areas that would support private sector activities, rather than those, which would compete with it. As such, infrastructure has been given top priority with the commencement of the reform program. Recently, the government has been elaborating its traditional involvement in investment directed towards infrastructure and utilities to include the private sector. A new legislation issued in 1996 contains provision for the private sector to invest in infrastructure and telecommunications using schemes such as build-operate-own-transfer (BOOT) or build-operate-transfer (BOT), etc., all of which provide for an active participation of the domestic and international private sectors in infrastructure development in Egypt. Inaugurated in 1889, the Suez canal -the first major infrastructure project ever in the third word- positions Egypt at the heart of world trade, the meeting point of East and West, strategically situated between Europe, the Middle East, Africa and Asia. The demand for Egyptian port and storage facilities and services is steadily multiplying and the scope for profits in this sector has yet to be harnessed.
The canal, known as the new Delta project, is part of a grand vision for Egypt's future. Over the next decade, the government wants to: - Cultivate a desert trail that once carried camel caravans to Cairo - Irrigate a desolate corner near the Sudanese border. - Pipe water under the Suez Canal and into the Sinai Peninsula. - Develop a string of lonely oases in the Western Desert once inhabited by a few thousand Bedouin. In all, the plan calls for adding more than 1.3 million acres of farmland to the thin strip of green along the Nile Valley that is home to nearly all of Egypt's 61 million people. The desert projects are the latest endeavors worthy of the pharaohs that have come to characterize modern Egypt's history. Already, the government has begun digging wells along the Forty Days Road, the old caravan route from Sudan. Each well will irrigate 100 to 150 acres, spilt into parcels of 5 or 10 acres for landless farmers. The hope is to reclaim 12.000 acres. In East Oweinat, a southwestern region near Sudan and Libya, the government has begun allocating land that will get water from wells tapping huge aquifers beneath the desert. The government hopes to reclaim perhaps 190.000 acres. A more ambitious plan will focus on further developing four oases in Egypt's Western Desert - Farafra, Kharga, Dakhla and Siwa - to bring 240.000 acres under cultivation. And farther north, the government has begun piping Nile water under the Suez Canal to irrigate up to 400.000 acres in the Sinai Peninsula. The biggest by far, though, is the new delta project. A contract to build one of the world's largest pumping stations, drawing 175 billion cubic feet of water a year from Lake Nasser. The water will be pumped along a 37-mile canal, whose excavation will remove many times the sand and stone it took to build the pyramids, That channel will then split off into 130 miles of branch canals looping back to the Nile that will irrigate a total of 500.000 acres. As part of the plan, the government envisions private investment zones, airports, high ways, tourist facilities and steel and cement factories.
The idea was matured and assured due to the increasing demand In Egypt and all surrounding countries in the Middle East and North Africa, for all around the year consumption of not only wheat, corn and soybeans but, All Kinds of legumes which can be stored during its production season and used all around the year. As this project will serve the local and exterior market, the place and its facilities are very essential and sensitive. Accordingly, The land was chosen to permit the Following: - - Total Area about 8000 square Meters. - Located At km., 34 Alexandria - Cairo Deserts Road. Amreya area - Near To Alexandria and Dekhela Harbors, Alexandria Air port and Alexandria free zone area. - Service All main agriculture projects and farms located in the same desert Road and also in the Agricultural road which also exists a road leading to it.
- A Free zone permission can be obtained for such project which allows Importing
and re-exporting without any custom duties. Capacity:
A primary capacity of 50000 Mt. based on wheat as start extendable to 100.000
Mt.
Infrastructure -
Delta Project -
Grain Storage - Oil
Processing Project -
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