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Egyptian National and Strategic Development Projects: News and Updates

Egypt signing an MOU with ThyssenKrupp for a plant to produce Green Ammonia and export it..
A commercial project to export green hydrogen and green ammonia from Egypt to Germany, through the establishment of a green ammonia plant.

https://www.youm7.com/story/2021/5/27/رئيس-الوزراء-يبحث-مع-مسئولى-تيسين-كروب-الألمانية-إنشاء-مصنع/5334357

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Report of the coalition of “Data Collection”: 130 trillion cubic feet of gas in the Red Sea fields
April 14, 2018

سفينة «دون فانج» الصينية أثناء أعمال الاستكشاف فى البحر الأحمر


The report of the WesternGeco Schlumberger and TGS alliance, which is responsible for completing the geophysical data collection project in the concession area in the Red Sea, revealed that Egypt's expected production from extracting natural gas from the Red Sea fields will reach 130 trillion cubic feet of gas, and it will propel Egypt to the eighth rank of producers globally, among the list of natural gas producing countries, especially that Egypt’s natural gas reserves will become 107 trillion cubic feet of gas, after extracting all quantities of the giant Zohr field in the eastern Mediterranean, other than what will be discovered in the Red Sea.

Government sources told Al-Watan: “It was decided to launch the first global bid for oil and gas exploration and exploration in the Red Sea, in mid-May, which includes offering 4 blocks filled with natural gas, and the possibility of extracting 5 billion barrels of crude oil in the Gulf of Suez region overlooking the Red Sea.

Explaining: The report of the “WesternGeco Schlumberger and TGS” alliance, which was sent to the South Valley Holding Company, ensures that there are at least reserves in the northern Red Sea estimated at 5 billion barrels of oil and between 20 and 23 trillion cubic feet of gas in the northern fields of the Red Sea, that can be extracted soon, adding: “This report will attract investments to Egypt that will not be less than 20 billion dollars over the next 3 years.”

And the sources continued: “The Egyptian-Saudi agreement allowed the start of petroleum activity in the economic waters of the Red Sea, which was not possible before, as international companies do not tend to direct their investments and activities to areas whose maritime borders have not been demarcated..”

...

https://www.elwatannews.com/news/details/3269050

* That makes it 237 trillion cubic feet of gas..SO FAR..
 
Details of the discovery of the largest diamond mines in the world in Egypt

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This is confirmed by Dr. Ali Barakat, who won first place in Egypt and the world in the field of mineral resources in 1991, and is currently the Chairman of the Board of Directors of the Sukkari Gold Mines Company, that Egypt has many mineral resources and the earth’s crust in Egypt has all the mineral wealth and there is evidence Indeed, especially gold and diamonds in more than 200 locations, and this dream that we want to achieve in light of the support provided by the Minister of Petroleum, Engineer Tariq El-Molla, to the mining sector and his great interest in developing our mining wealth.

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https://www.dostor.org/2455900
 
This is confirmed by Dr. Ali Barakat, who won first place in Egypt and the world in the field of mineral resources in 1991, and is currently the Chairman of the Board of Directors of the Sukkari Gold Mines Company, that Egypt has many mineral resources and the earth’s crust in Egypt has all the mineral wealth and there is evidence Indeed, especially gold and diamonds in more than 200 locations, and this dream that we want to achieve in light of the support provided by the Minister of Petroleum, Engineer Tariq El-Molla, to the mining sector and his great interest in developing our mining wealth.

Egypt is a super wealthy country as evidenced by all of these great posts by you and the few here and there by yours truly lol. I try when time allows it. But back to this incredible post, we talked a couple of years ago when they discovered huge amounts of uranium they can mine, then we saw the oil discoveries in the western desert to which I had mentioned several times that Egypt, being geographically placed in the middle of what is essentially oil & mineral-rich Libya and super oil-& ,mineral rich Saudi Arabia is only practical to deduce that there must be a huge amount of untapped oil and mineral reserves in Egypt. Or, if for some reason they're not huge, they're still should be substantial fields and sure enough, they've began discovering them and even within Egypt's waters of the Red Sea which hold large amounts of oil and gas.

The only problem is finding these in the 2020's is only better late than never, especially when it comes to oil. But still, despite the introduction and rapid development of electric "everything" especially vehicles, oil will still be a very important resource for several more decades to come and maybe these discoveries have come just in time, actually.

Diamonds are interesting because their value is strictly on the basis of luxury needs and not necessarily seen or valued necessarily as a resourceful commodity. But gold, that is quite possibly an interchangeable item for 1st place. That instantly increases a country's national wealth which then puts it in a position to become an important member of the higher level countries if of course, that gold is used correctly which with the current government and ministries and president, seem to be making all the right moves. That will automatically increase the value of the Egyptian pound and once local currency becomes valuable with the dollar (still the most desirable currency in the world despite the Euro being worth more,) that can only help with strengthening the economy.

Having all this mineral wealth that is essentially untapped is like the lottery. Let's hope they move on it quickly and enrich the country to the level where it should be.
 
Reviving the Egyptian brand “Nisr” 🦅 for the manufacture of tires at a cost of one billion dollars

In conjunction with the revival of the Egyptian brand "Nasr" for the automotive industry and the start of production of the first Egyptian electric car in June 2022, the details and studies of establishing a new factory for the Al-Nisr Tire Company were completed under the supervision of the English company "Roland Burger"

The new factory will be a partnership between 3 parties: the Ministry of Production - the Ministry of Public Business Sector - the Arab Organization for Industrialization

The new factory with Finnish technology (Black Donuts) costs one billion dollars

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The new factory will be built on an area of 450 thousand square meters in Ain Sukhna, and it produces tires for private cars, transport, buses, bicycles, agricultural tractors and heavy equipment.

Egypt consumes 28 million tires annually, 13 million tires are produced, and 15 million tires are imported, at a cost of 556 million dollars

The new factory produces 7.7 million tires annually and covers 50% of Egypt’s total imports of tires

Studies are underway to establish another factory in the land of the Transportation and Engineering Company in the Amreya area in Alexandria to cover the rest of the consumption gap.
 
Business France recently reported that from Monday 7 June to 9 June 17 French companies will visit Egypt, most notably ALSTOM, BEAUDREY et CIE, COPPELIS, ETF, MAIDIS, MASCARA, RAGNI, RATP Dev, SETEC, SNCF , SOFIA EUROPA, STEAM France, SUEZ, TESALYS, THALES, VEOLIA, et VOLTALIA –

The agency confirmed that the visiting companies are among the most famous French companies in terms of experience in the fields of energy, transportation, water, water purification, waste treatment, health and digital services, offering the best solutions in their specialties for the benefit of sustainable economic development in Egypt.
 
You mean to tell me that Egypt is not just wasting money on all those new shiny weapons, but actually building close to 38 new cities and trying to remove the slums and upgrade the people's lives and create a universal healthcare system that costs $40 billion?!?! No way, this can't be true!!!! :D
Actually Bro..the updated news talked about 52 new cities..

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A national president who is building his country,. may God honor him..
This is not a bag of rice and oil from the state's supply, but a decent, humane life for every citizen..

President El Sisi transformed the lives of human beings from one extreme to the other, and saved generations who would emerge from these regions resentful, deceitful, and going for everything forbidden ... These are human rights that the West and its servants do not talk about..
 
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The Ras Ghareb wind plant was implemented in the Gulf of Suez region, with a capacity of 250 megawatts, through 125 wind turbines, in cooperation and by the private sector within the alliance of companies (Orascom - Engy - Toyota), and at a cost of $400 million, as it was connected to the national grid in September 2019.. The Ministerial Economic Committee approved the implementation of a new wind plant in the southwest area of Ras Ghareb, and the establishment of the plant in partnership between the Ministry of Electricity and the alliance of ENGIE – ORAScom – TOYOTA TSSUSHO companies. The station is being implemented with a capacity of 500 megawatts. The station is being built in the desert of Shuqair, south of Arab Ras Ghareb. The station includes more than 200 turbines "wind turbines".

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Egypt is a super wealthy country as evidenced by all of these great posts by you and the few here and there by yours truly lol. I try when time allows it. But back to this incredible post, we talked a couple of years ago when they discovered huge amounts of uranium they can mine, then we saw the oil discoveries in the western desert to which I had mentioned several times that Egypt, being geographically placed in the middle of what is essentially oil & mineral-rich Libya and super oil-& ,mineral rich Saudi Arabia is only practical to deduce that there must be a huge amount of untapped oil and mineral reserves in Egypt. Or, if for some reason they're not huge, they're still should be substantial fields and sure enough, they've began discovering them and even within Egypt's waters of the Red Sea which hold large amounts of oil and gas.

The only problem is finding these in the 2020's is only better late than never, especially when it comes to oil. But still, despite the introduction and rapid development of electric "everything" especially vehicles, oil will still be a very important resource for several more decades to come and maybe these discoveries have come just in time, actually.

Diamonds are interesting because their value is strictly on the basis of luxury needs and not necessarily seen or valued necessarily as a resourceful commodity. But gold, that is quite possibly an interchangeable item for 1st place. That instantly increases a country's national wealth which then puts it in a position to become an important member of the higher level countries if of course, that gold is used correctly which with the current government and ministries and president, seem to be making all the right moves. That will automatically increase the value of the Egyptian pound and once local currency becomes valuable with the dollar (still the most desirable currency in the world despite the Euro being worth more,) that can only help with strengthening the economy.

Having all this mineral wealth that is essentially untapped is like the lottery. Let's hope they move on it quickly and enrich the country to the level where it should be.
Follow-up to the plan to establish the "City of Gold", which will represent an integrated city for the manufacture and trade of gold in Egypt, in addition to providing industry and production requirements, high-end exhibitions, and training workers to hone their capabilities, reflecting Egypt's ancient civilized history in this delicate craft industry.

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- Egypt achieved self-sufficiency of 9 corps and increased cultivated land by 700%

- Egypt exports 63 thousand tons of liquefied gas to Pakistan

- Laptops and tablets made in Egypt with a large percentage of local components

 
Suez Canal Economic Zone and Poland's Katowice sign a contract to establish a Polish industrial zone

The signing of the agreement comes with the aim of establishing a Polish economic zone in Ain Sukhna with an area of 400 to 1,000,000 square meters targeting food industries, electronic industries and auto spare parts.. Where the Polish delegation was accompanied by 18 Polish companies to inspect the industrial zone in Ain Sukhna and see what suits them of targeted industries to be established in the Polish area in Sukhna.
 
Suez Canal Economic Zone and Poland's Katowice sign a contract to establish a Polish industrial zone

The signing of the agreement comes with the aim of establishing a Polish economic zone in Ain Sukhna with an area of 400 to 1,000,000 square meters targeting food industries, electronic industries and auto spare parts.. Where the Polish delegation was accompanied by 18 Polish companies to inspect the industrial zone in Ain Sukhna and see what suits them of targeted industries to be established in the Polish area in Sukhna.
Win win
 

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