5 MEGA PROJECTS IN EGYPT

INTRODUCTION:
Economic megaprojects have been a main feature in Egypt for the past five years. Egypt has
made significant and multifaceted efforts to grow its economy by both attracting foreign
investments for a wide range of economic activities as well as developing its export
capabilities. In recent years, Egypt has made continuous efforts to expand its economy and
population beyond the established cities and hubs. This effort includes trying to dilute the
effect of overpopulation by building independent urban cities and establishing industrial and
economic zones that stimulate growth and increase productivity. There are many energetic
projects worth over USD 400 billion, across all sectors including hospitality, real estate,
transport, education, roads infrastructure and energy infrastructure. In this research there is
five mega projects that cover different sectors in the Egyptian economy will be discussed.

1- AL-GALALA CITY
GALALA City is taken into consideration as one of the biggest Egyptian improvement
projects. It has a unique tourist attractive location, virgin seashores and excessive altitude
that gives the city the climatic benefits of a temperature drop below sea level of 10
degrees. It has already attracted investments of more than US$ one hundred million in the
last two years. The city is positioned on the highest mountain plateau between Ain Sukhna
and Zafarana and overlooks the Red Sea coast. It lies approximately 170 kilometers away
from Cairo International Airport and 50 kilometers away from Port Sokhna. The reason of
the Galala City Ain Sokhna project is that it will contribute to achieving development in
Egypt by creating new integrated urban communities on high international standards. A
unique geographical location that allows building on it and establishing touristic resorts and
roads, and Galala Plateau has a number of natural resources and most importantly is
Marble and Phosphate.one of the main investments in the area also include the King
Salman University and a tourist resort called Global Galala Tourism Resort which overlooks
the Gulf of Suez. Construction work on the Galala Tourism Resort began in 2015. It is
located on the shore of the Gulf of
Suez in the area of Ras Abu Daraj on an area of 100 acres. The resort includes two hotels,
one of which is mountainous and coastal, with 300 rooms and 40 chalets, while the coastal
area includes 300 rooms and 60 chalets. It is a world-class resort which consists of a marina
for yachts, with 239 yachts, fully equipped, and a city of water games carried out by major
international companies. The Galala area is rich in natural resources and development
projects are underway to support investment opportunities in mining and construction
material industries

2- The golden triangle

The Golden Triangle, a brand-new economic zone placed between Qena, Safaga and Al
Qusair, is taken into account one of the richest areas in mining sources and accounts for
75% of Egypt's mining minerals. The project is implemented by Italian consultancy
D'Appolonia, seeking to draw in investments price USD nineteen billion. The project aims to
ascertain a brand-new industrial capital by building associate degree industrial,
commercial, mineral and touristic zone to serve not solely Egypt, however the African
continent. The region is made in argentiferous and non-metallic minerals, as well as iron,
copper, gold, silver, granite and phosphate. These merchandises are concerned within the
producing of the many high economic industries and also the manufacturing of
construction and cement materials. The Golden Triangle lies on the outskirts of Qena and is
home to Abou Tartour, a mining space in Egypt which holds the most important phosphate
reserves, calculable at virtually a billion plenty of phosphate rock. The Golden Triangle may
be a nine,200 sq. klick plot with known untapped mineral reserves. Egypt is ranked seventh
worldwide in terms of phosphate ore reserves, despite mining/production levels remaining
flat for the previous couple of years. This mining wealth can enable the region to line up
new factories that manufacture cement, glass, silicon, chemicals and laptop chips. different
comes can utilize raw materials to manufacture cement from clay and stone, and
manufacture gasoline from oil-based clay. The region is additionally wealthy with tourer
attractions that may result in variety of business comes. to Illustrate, the Qena Qeft Road
served as a road of journey within the past. Another business chance lies within the many
inscriptions and Pharaonic drawings on the road to Qena Safaga, a attainable destination
for organized tours. The road conjointly contains the most important mine for ‘Alsamiqaa
Imperial’ stones, traditionally utilized by the Roman Empire to embellish their temples.
many touristic resorts are being planned for Dendara, Laqeta and Qena Valley, likewise as
between the Safaga and Al Qusayr areas. Finally, agricultural land is being allotted at
intervals the Golden Triangle space for reclamation and cultivation under robust incentives
by the new investment law. Egypt has with success raised USD a hundred and fifty million
from the International Finance Corporation for the event of its agricultural sector.

3- THE GRAND EGYPTIAN MUSEUM

The Grand Egyptian Museum (GEM) is intended to be the world's largest museum of
Egyptian art and culture. Poised between 2 worlds, the 5,000 years of ancient civilization
and also the trendy one has been conceived as a portal through time. The GEM are going to
be a world-leading scientific, historical and archaeological study center with a complete
space extending over 491,000 m2 . The stupendous building covers 168,000 m2 , housing a
hundred,000 artefacts, some of which haven't been shown to the general public before.
The building is meant to accommodate up to 15,000 visitors daily. It is set between the
modern complexities of Cairo and therefore the ancient culture of the pyramids. Three
significant parts organize the New depository among the site: 1st, the upland edge, that
divides the site into higher and lower sections; second, the read towards the Pyramids;
third, the approach from Cairo-Alexandria Desert Road. Moreover, the GEM offers
promising investment opportunities and comes. These opportunities embrace a center, a
3D Cinema, twenty-eight stores, restaurants and a dress shop hotel. The location of the
deposit was chosen carefully and strategically because it is in very shut proximity to the
new Sphinx International flying field, that expects to receive a high range of international
guests.

4- THE AIN SOKHNA INDUSTRIAL ZONE AND AIN SOKHNA PORT

The own Sokhna Industrial Zone may be a major industrial and supplying hub at the
southern entranceway to the Suez Canal, combining port facilities, industrial zones,
residential areas and glorious road and rail linkages to Cairo and therefore the town of
Suez. More than 162 km2 of Ain Sokhna's total 210 km2 is earmarked for
manufacturing. the world is meant to accommodate significant, medium and light-
weight industries, as well as commercial facilities. assets development opportunities
exist for building residential communities. Suitable maritime-related activities include
construction and repair services, bunkering, and vessel scrapping and recycling.
Ain Shokhna Port could be a major international entranceway port for Egypt, the
Arabian Gulf and Asia. The port is located on the western coast of the Gulf of Suez,
forty-three klick south of town of Suez, covering a district of twenty-two.3 km2 and
includes a depth of eighteen m. because of thick close land, the port is quick changing
into a serious industrial hub serving international and domestic markets. enlargement
plans embrace new instrumentation terminals, dry bulks and general consignment
terminals, liquid bulk terminals, logistics, deposition and distribution centers and a dry
port. more investment is engaged toward port automation and state-of the-art
instrumentation handling instrumentality.

5- DAMIETTA FURNITURE CITY

Damietta furniture complicated may be a national mega project set to spice up the furniture
business in Egypt, and support article of furniture production in Damietta. Currently, the
article of furniture business is one among the quickest growing sectors in Egypt. it's value EGP
fourteen billion (= EUR 683,6 million) with exports increasing by 51.6% during the last five
years, to succeed in EGP 2.3 billion (= EUR 112.3 million) per year. additionally, the arena
gained a strong name across Europe and also the geographic area. Factors contributing to the
success of this mega project embrace Damietta’s strategic location on the brink of Cairo,
Alexandria and also the shipway, and globally focused between Europe, the center East and
continent. Other important factors are the extremely trained and low-cost labor and robust
world growth figures of 13.5% for the arena, that makes this project the proper chance to rise
the trade in Egypt so as to continue competitor with the worldwide markets. Production prices
in Egypt are 14% under those in Europe, whereas shipping prices to Europe are 50% to 70%
under the prices from China. The Damietta project is made per specialized Industrial Clusters,
consisting of many units including: the piece of furniture retail advanced, little industries
advanced, Egypt Furniture Mall, housing units for staff, wood industries workshops, and is
supported by a renewable energy station and different facilities. The government of Egypt has
finalized the agreement with Italian specialists to establish a technological and training center
for the furniture trade inside the city. additionally, the Egyptian government holds another
agreement with Italian producers to transfer power to Egyptian workshops and factories.
Machinery and instrumentation are going to be provided to native makers through payment
facilities with different social funds.