Golden Triangle to boost development, increase investments in Upper Egypt

Egypt is starting the execution of a major development project called the Golden Triangle project, which will serve the governorates of Upper Egypt with the aim of developing the region and creating job opportunities for its residents.

Prime Minister Mustafa Madbouly held a meeting July 21 with officials responsible for the project in order to follow up on its implementation. Madbouly stressed that the Golden Triangle project is considered a major national development plan, serving the Red Sea cities and the southern region of Egypt, that largely depends on existing mineral resources.

In addition, Madbouly said that the Italian consultancy office RINA Consulting (formerly D'Appolonia) had finished its feasibility study of the project and it is now ready for implementation.

Based on the study, he entrusted a working group to develop the project’s execution phase in order to initiate the development and utilization of this area.