Egypt targets higher petroleum output, stronger supply security

Minister of Petroleum and Mineral Resources Karim Badawi said increasing local production and securing supplies of petroleum products are top priorities, stressing the role of the Egyptian General Petroleum Corporation (EGPC) in efficiently managing the supply system through integration among its sectors, monitoring the performance of companies, and maximising the…

Egypt allocates over 1 million sqm for tourism projects in Hurghada

Egypt’s Tourism Development Authority (TDA) has issued 16 final allocation decisions for investment land in the South Magawish Tourism Center, south of Hurghada in the Red Sea Governorate, covering a combined area of more than 1 million square metres. The allocations are designated for a range of integrated hotel, tourism…

Egypt invests EGP 57bn to modernise Sinai electricity grid

Egypt has invested around EGP 57bn in developing and modernising the national electricity grid across the Sinai Peninsula, Electricity and Renewable Energy Minister Mahmoud Esmat said. The investments are part of the state’s sustainable development plan and national projects aimed at supporting urban, industrial, agricultural, and tourism development in North…