HomeTechnologyArab Finance - Cooperation between Taqa Arabiya and the Golden Triangle Economic...

Arab Finance – Cooperation between Taqa Arabiya and the Golden Triangle Economic Zone to implement basic utility works in Safaga


Cooperation between Taqa Arabiya and the Golden Triangle Economic Zone, implementing basic utility works in Safaga

Arab Finance: Signed group Energy Arabia (TAQA)A pioneer in Egypt in the field of energy and its integrated services, a cooperation protocol was signed with the Economic Authority of the Golden Triangle for the purpose of implementing and providing basic facilities to investors within Industrial Zone 9.1 in the city of Safaga in the Red Sea Governorate, according to the statement sent on January 27.

This comes in line with the state's strategy of accelerating the pace of development and value-added projects in the region, with the aim of achieving sustainable development goals and attracting local and international investments.

The two parties agreed to joint cooperation for the purpose of implementing the infrastructure that serves the industrial zone, including the establishment and operation of electricity networks, whether through traditional solutions or renewable energy alternatives, and the establishment of natural gas distribution networks, whether through connection with the national grid or through the use of compressed gas. Providing safe water for industrial and agricultural uses, implementing sewage and industrial networks, in addition to petroleum products distribution and waste management facilities to ensure sustainable development.

Pakinam Kafafi, CEO of the Arab Energy Group, signed the cooperation protocol on behalf of the group, while Engineer Mohamed Abadi, Chairman of the Board of Directors of the General Authority for the Golden Triangle Economic Zone, signed on behalf of the Authority.

The signing ceremony was held in the presence of Engineer Tariq Al-Hawari, Managing Director of TAQA Gas, Engineer Sami Abdel Qader, Managing Director of TAQA Electricity, Mohammed Aboul Gheit, Vice President of the General Authority for the Golden Triangle Economic Zone, and the Authority’s leaders.

For his part, Eng. Mohamed Abadi, Chairman of the Board of Directors of the General Authority for the Golden Triangle Economic Zone, said: “In accordance with Egypt’s Strategic Vision 2030 and within the framework of achieving sustainable economic growth, the Golden Triangle project is an economic castle with diverse sectors in Upper Egypt thanks to its distinguished location and abundance of natural resources.” “In order to achieve the Authority’s strategy of establishing partnerships with major companies with extensive experience, and in order to unleash the potential and hidden wealth of this region, a cooperation protocol was signed with an Arab energy company.”

In this context, Pakinam Kafafi, CEO of Taqa Arabia, expressed her pride in this partnership, saying: “This cooperation represents an important step towards achieving sustainable and comprehensive development in the Golden Triangle region, in order to transform the economic region into an investment center with global standards, where we will work with all our energies.” To provide integrated solutions to develop infrastructure and enhance the attractiveness of the region, based on our experience extending over more than two decades.”

The Golden Triangle Economic Zone, which extends over an area of ​​approximately nine thousand square kilometers and is located between Qena, Qift, Safaga and Qusayr, is considered a strategic project and a comprehensive approach to sustainability that will work to develop and transform Upper Egypt using its comparative advantages of mining and coastal wealth and fertile soil into an industrial, logistical, and agricultural center. Service, global development with huge investments.

The project aims to increase employment rates, increase Egypt's share of global trade, provide more job opportunities for young people, and increase population attraction in the Golden Triangle region.

Within the framework of the authority’s policy towards building a green economy, with the completion of infrastructure and the provision of basic services, the region’s ability to attract local and global investments will increase significantly and advance the comprehensive development process, which will enhance its competitiveness at the local and international levels, in line with Egypt’s Vision 2030.

Related news



RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
- Advertisment -

Most Popular

Recent Comments