Egyptians Promote Economic Security

Egyptians Promote Economic Security


Egypt is planning to build the largest seawater desalination plant in the world in the Suez coastal city of Ain Sokhna. The project has a 300 million euro loan from the European Bank for Reconstruction and Development.

The plant will have the capacity to purify 164,000 cubic meters of seawater a day and will contribute to the economic revival of the Suez governate, said Kamal El-Wazeir, head of the Egyptian Armed Forces Engineering Authority.

Three other large desalination plants operate nearby in El Galala, and Egypt has constructed others in Marsa Matrouh farther west on the coast of the Mediterranean Sea.

Suez Canal Economic Zone Chairman Mohab Mamish concluded the loan deal with the Europeans at the annual International Maritime Organisation meeting in London in December 2017. The European Bank is involved in 52 projects in Egypt with an investment total of 3 billion euros.

In the name of providing economic security for its people, Egypt has sponsored multiple economic development projects within its Suez Canal Economic Zone, including resorts, power stations and ports.

Sources: Egypt Today, European Bank for Reconstruction and Development