Egypt’s President Abdel Fattah El Sisi stated that Egypt has started to implement more than half of the initial agreements signed at the EEDC.
Twenty contractual agreements were signed on the sidelines of the EEDC, valued at a total of $66.4 billion, El Sisi told Oxford Business Group (OBG).
The deals included $21 billion in exploration deals with international oil companies and a $9 billion gas and wind power project with Siemens, added El Sisi.
Egypt’s dynamic population, together with its strategic location, will play a pivotal part in helping the country take its competitive advantage to another level when it launches its Suez Canal Area Development Project, he added. The economic zone initiative forms a key component of the Suez Canal expansion.
