Trade minister discusses Egypt’s Golden Triangle project with Italian D’Appolonia

Egyptian Trade Minister Tarek Qabil met Thursday with Italy’s D’Appolonia RINA Group officials to showcase draft plan of Golden Triangle project before releasing the final plan soon.

The Italian delegation was headed by Sector Development Manager at D’Appolonia, Cristina Migliaro.

The Golden Triangle project aims to take advantage of the country’s under-tapped mineral resources and develop Upper Egypt.

It targets establishing new industrial capital city through constructing a global, touristic, mining, economic, commercial, and industrial centre.

It will also create a logistic and economic centre northwest of Safaga, which will operate mining activities to make use of the Eastern Desert’s Golden Triangle. This area extends from Edfu, south of Qena, in the Nile Valley to Marsa Alam on the Red Sea coast and Safaga in the north.

Qabil clarified that Golden Triangle project is expected to attract a lot of public and private investments besides creating more than 300,000 job opportunities.

The officials of D’Appolonia are set to meet Egyptian Prime Minister Sherif Ismail to showcase latest plan of the project in order to start executive steps and put the project forward investors, Minister Qabil added.

D’Appolonia S.p.A. is the operational arm of RINA, developing and offering engineering services such as Consulting Engineering, Design, Project Management & Control, Special Studies and Operability Assurance.