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Category: Real Estate & Development Projects
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On Wednesday, December, 17th Egyptian President Abdel Fatah al-Sisi inaugurated a new terminal in the Hurghada International Airport and also at the Maritime Port. Prime Minister Ibrahim Mahlab, Minister of Civil Aviation Ahmed Abdullah and various ministers and officials of the EgyptAir holding company, the Egyptian Company for Airports and Hurghada International Airport attended the inauguration. The new terminal and the development of the maritime port were carried out by the Egyptian Ministry Engineering Authority. The President and the various officials inspected the development work at Hurghada International Airport and met tourists and citizens to hear their perspective on the new projects.

The new development project will provide 620,000 job opportunities for youth as well as increase the airport’s capacity from 5.5 million to 13 million passengers per year. The ministry will also launch projects in Cairo, Sharm el-Sheikh, and Burg al-Arab International Airports in the future.

Minister Hani Dahi, the Minister of Transport said during his speech at the opening ceremony, that his ministry has plans to develop five ports along the Red Sea, in Nuweiba, Literary, Port Tawfik, Hurghada, and Safaga at a cost of 800 million pounds. Two of those five, Nuweiba and Hurghada, had already opened.

New Hurghada International Airport investments’ reached EGP 2.4 billion ($336.5 million).

Minister of Civil Aviation, Hossam Kamal, said this project falls within the ministry’s ambitious  and comprehensive strategy which includes several outstanding and future projects. He added that the Airport City project will be unveiled in the international economic conference which will be held in March 2015.

In a statement to the press, the president highlighted the importance of working diligently towards satisfying the Egyptians’ ambitions, assuring that the coming stage will ignite the inauguration of many development projects: “Egypt is advancing strongly in the development and establishment of large and giant projects to occupy its advanced natural place among the nations.”

Al-Sisi stressed that the state would not forget limited-income and poverty stricken citizens, adding that work was under way to upgrade sanitary drainage services to 750 impoverished villages. He assured that freedom of opinion was guaranteed for all, as long as it comes within a peaceful framework.

New development projects include the construction of 250,000 housing units in the governorates of New Ismailia and Rafah, and around LE 34 billion-worth national projects to revamp roads and construct new bridges, the President revealed. He further noted that mobile power stations, costing LE 40 million, will be imported to overcome possible power shortages in Egypt next summer.

Abdel Fatah al-Sisi asserted that the government was committed to its transparent policy, noting that many more mega projects would be unveiled in the near future, once the equipment needed for their completion are available.