The Cabinet is to review in its Monday’s meeting the implementation of the Golden Triangle, the second largest developmental project run by the government, minister of industry said Sunday.
Mounir Fakhry Abdel Nour, Minister of Industry and Trade, said the Golden Triangle project is among several schemes to take advantage of the country’s under-tapped mineral resources and develop Upper Egypt region.
The Golden Triangle project aims to create new industrial and mining projects in 6,000 square kilometres extending from the Red Sea cities of Safaga and Al-Qusayr to Eastern Qena in Upper Egypt.
The proposed projects for the Golden Triangle developmental project include mining projects, such as using phosphate ore and constructing fertiliser factories. Other projects will utilise raw materials to manufacture cement from clay and limestone and produce gasoline from oil-based clay.
The project also entails tapping into agricultural lands in Qena governorate and constructing a number of touristic resorts in Dendara, Laqeta, and Qena Valley. It will also develop resorts and tourist villages between the Safaga and Al-Quseir areas.