CAIRO: Egypt is expected to establish a number of investment projects, including a comprehensive logistical services area, a free trade and cargo areas, hotels and a conference center in the vicinity of Cairo International Airport, spokesman for the Presidency Ambassador Alaa Youssef stated Thursday.
During a Thursday meeting with several ministers, including the Minister of Civil Aviation, Hossam Kamal el-Din said “Sisi instructed these projects to be put to tender to ensure that the highest revenue possible is generated for the state and that they are completed within a designated timeframe.”
During the meeting, Sisi issued directives to develop an integrated traffic plan creating numerous routes in the area surrounding the airport to reduce congestion.
“The President also stressed the need to finalize the current renovations to Cairo International Airport, taking into account environmental considerations, and the need to preserve public funds,” according to the statement.
Kamal Eldin also reviewed the latest work undertaken at Hurghada airport ahead of its imminent inauguration. The President instructed that a number of technical upgrades be completed to afford passengers with all possible amenities, particularly those with disabilities.
The Civil Aviation Ministry is currently awaiting approval from the cabinet and the finance ministry to begin work on the first stage of its new Aero City project next to the Cairo International Airport; Kamal el-Din was quoted as saying by Youm7 in September.
The project is estimated to attract $20 billion in investments. It involves the construction of an additional tourist, commercial, sports and educational locations and facilities, on a total area of 220,000 acres,” said Kamal el-Din.