Egypt transport ministry prepares list of investment projects worth of $13.5 billion till 2030
Minister of Transportation Hany Dahy says that the Egypt Economic Development Conference will return Egypt to the world investment map, Maritime Transport Sector said in its press release.
The minister told Al-Masry Al-Youm that main factor for investing in the transportation sector is to have a clear strategy for investors to know the opportunities available. He added that his ministry had submitted a strategy for the upcoming years that will help boost the economy and secure jobs.
The minister explained that the transportation sector is vital to any successful national economy as it ensures the availability of commodities for competitive prices and increases the competitiveness of the local industrial sector on the regional and international levels.
Dahy said that as part of the strategy, his ministry had laid out a list of projects in various transportation sectors for the coming 15 years with investments worth US$13.5 billion.
The projects in maritime transport sector include a container dock at east Port Said with an investment cost of $700 million, a commodities station in the same area worth $300 million, a commodities station at Damietta seaport worth of $150 million, another at Safaga seaport worth of $250 million, and a last one in Ain Sokhna seaport costing $500 million. The minister concluded that the total, therefore, is nearly $900 million.
