PM shares Egypt’s success stories in key economic sectors at Builders of Egypt
Egyptian Prime Minister Moustafa Madbouly has shared on Monday the country’s success stories in a number of key economic sectors that had inspired the entire world.
In the energy sector, Egypt has made a tremendous transition from a country suffering from a severe fuel shortage into achieving self-sufficiency by building several power plants and increasing dependency on renewable sources in just few years, Madouly said at the Builders of Egypt Forum in Cairo.
In the housing sector, the prime minister said the country has managed to remove slums nationwide and provide safe relocation for the inhabitants, contributing to the securing a decent life to all Egyptians.
In the smart housing sector, Egypt has built around 15 new smart cities nationwide and is planning to build 15 more soon. Smart cities have become a fixture of Egypt’s infrastructural development strategy over the past few years.
As part of the Egyptian President Abdel Fattah al-Sisi administration’s long-term infrastructure development strategy, these smart cities — also commonly known as fourth generation cities — will be built on a total of half a million feddans nationwide, offering millions of direct and indirect jobs. These cities introduce the use of last technologies along with artificial intelligence in a way that is in line with Egypt’s sustainable development strategy, Egypt Vision 2030.
Egypt has also achieved a leap in the number of the new housing units carried out in the past few years, the prime minister added.
In the road sector, Egypt has implemented several road and bridge projects to deal with congestion in the heart of Cairo, engineers and contracting companies in Egypt came up with novel solutions and building record-breaking bridges. Easing the traffic problems in Egypt’s capital, the Tahya Misr (Long Live Egypt) Bridge is among these bridges as it becomes the world’s widest cable-stayed bridge, according to Guinness Book of World Records.