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CAIRO – 23 September 2018: Prime Minister Mostafa Madbouly inspected on Sunday Nasser Citys West Plateau project.
Madbouly was accompanied by Minister of Higher Education Khaled Abdel Ghaffar, Minister of Local Development Mahmoud Sharawy, Minister of Environment Yasmine Fouad, and Assiut’s Governor Gamal Nour el-Din.
Furthermore, the prime minister will visit Assiut Plateau Axis Road project, which links Assiut to Nasser Citys West Plateau project to connect between Western Desert and Eastern Desert roads.
In this regard, Mohamed Fawzi el-Nashar, head of the Central Authority for Reconstruction in Central and Northern Upper Egypt, explained to Mabouly that Assiut Plateau project’s first phase is completed along 12 km of the road, connecting the plateau with the Western and Eastern deserts by a bridge over the River Nile, while the second phase extends along 10.6 km.
Nashar added that the project costs LE 932 million as it includes building rain spillways and bridges, expropriating agriculture lands with LE 50 million compensations and carrying out rock blasting work.
In the same context, Assiut’s Governor Nour el-Din pointed out that the prime minister started his tour with Nasser City’s West Plateau project to commemorate late President Gamal Abdel Nasser.
He further remarked that the project aims to achieve development in construction, economy and tourism, solve housing problems in Assiut and establish industrial zones to attain sustainable development in Upper Egypt.
Previously, Minister of Planning Hala el-Saeed stated that Egypt directed the largest proportion of government investments during fiscal year 2018/2019 to southern Upper Egypt region, recording 51 percent or LE 13 billion of state investment.
The southern Upper Egypt region includes five governorates: the Red Sea, Sohag, Qena, Luxor and Aswan.
In addition, as Egypt begins implementing urban projects across various governorates to meet its goal of relocating 30 million Egyptians out of the more crowded cities by 2050, the government is seeking to revive several areas, including Upper Egypt, that have the potential to become future local and regional investment hubs.
Several real estate developers pointed out the prospects that Upper Egypt carries; “Upper Egypt is filled with mineral resources that could be used to create construction materials.
The region should also be the future source of renewable energy, and should be connected with the Red Sea region, as per tourism development goals,” explained Magdy Qorqor, architecture and urban planning expert and professor at Cairo University, to Egypt Today. CEO of TatweerMasr, Ahmed Shalaby, also believes in the potential of the region.
Upper Egypt encompasses 10 governorates, including Aswan, Qena, Luxor, Sohag, the Red Sea, Assuit, the New Valley, Minya, Beni Soueif and Fayyoum. These areas accommodate around 35 million citizens.
The Ministry of Housing and Urban Communities launched an ambitious plan to build new modern cities in those governorates, in cooperation with the New Urban Communities Authority (NUCA), an affiliate of the Egyptian Housing Ministry. With a total investment of LE 13 billion from NUCA, the new cities will include: New Fayoum, New Aswan, New Assiut, New Thebes City, New Luxor, New Beni Suef, New Qena, New Akhmemand, and New Sohag.
Assistant to the head of New Cities and Development Sector at NUCA, Alaa Abdel Aziz, informed Egypt Today that the areas in Upper Egypt with the most opportunities are Western Qena, Assiut governorate, and areas in Aswan.
“Offering diverse investment opportunities in different governorates in Upper Egypt will act as a main drive to the local economy, creating new job opportunities as a result of relocating communities from seven governorates,” Ayman Sami, country head of JLL, previously stated during the Cityscape breakfast event in January. He also mentioned that the new cities will offer around 190,000 square meters for constructing commercial projects. |
