Egypt unveils golden triangle project that will bring the country billions

The Egyptian government, led by Mostafa Madbouli, discussed further efforts to develop the Golden Triangle region.

At the beginning of the meeting, the Prime Minister confirmed that the Golden Triangle will become a promising direction in the field of mining. Since it contains minerals, indicating that extensive studies have already been prepared on this subject, including an Italian study.

During the meeting, Engineer Tariq Al-Mulla, Minister of Petroleum and Mineral Resources, said: “We are promoting the Golden Triangle region on the map of investment opportunities available to the Egyptian state due to its mineral wealth. Pointing to continued coordination between the Mineral Resources Authority and the General Administration of the Golden Triangle Economic Zone in order to maximize the benefits of what this rich region has.

Meanwhile, the Minister of Trade and Industry, Engineer Ahmed Samir, touched upon the need to formulate a common plan for the entire region based on the study prepared as part of the preparation of a comprehensive vision for the development of the region.

Engineer Adel Said, Chairman of the Golden Triangle Authority, explained that the purpose of establishing the Golden Triangle Zone is to comprehensively develop the area through various activities.

Said indicated that there is coordination with the General Directorate of the Suez Canal Economic Zone to take advantage of his experience.

He also touched upon the presentation of a group of projects that will be created within the framework of the “Golden Triangle Zone”, which includes projects in a number of sectors.

He also got acquainted with a summary of a study prepared by an Italian company on the development of the region and the most important projects proposed for its implementation.

At the end of the meeting, the Prime Minister of Egypt instructed to identify the most important projects from the “Italian” study prepared for this region, to begin work on them so that they become the core for the development of the region.

The Golden Triangle Project is one of the most important major national projects that serve the southern region of Egypt as one of the development projects dependent on existing mineral resources.

Source: RT