Egypt’s cabinet economic committee, under prime minister Sherif Ismail, has agreed to provide the funds required to complete expansion in works and production capacity at a seawater desalination plant in Hurghada.
Up to EGP 265 million (US$ 33.8 million) will be provided for the project in two tranches. This year EGP 100 million (US$ 12.8 million) will be released with EGP 165 million (US$ 21 million) offered to complete of the project
.
The cabinet committee identified the General Authority for Investment to be entrusted with setting up companies and establishments.
The committee called on the Ministry of Investment to enable the one-stop-window in all governorates to attract more investment and speed up the development process nationwide.