SHARM EL-SHEIKH, Egypt — On the sidelines of the annual meetings of the African Caucus for the World Bank and the International Monetary Fund held on Aug. 5 in Sharm el-Sheikh, Egypt’s Environment Minister Yasmine Fouad said in an interview with Egypt's Extra News, “The ministry is currently interested in developing Egypt's nature reserves by improving infrastructure and allowing the private sector to make use of economic activities there.”
Fouad further noted that the Ministry of Environment will give investment companies access to two nature reserves within four months. The first is Tigris Valley, east of Maadi in Cairo, and the second one could be either Ras Muhammad National Park in South Sinai or the petrified forest in Cairo governorate.
