As President Abdel Fattah El-Sisi stated in May, Egypt will continue to work with African nations to achieve sustainable development, and as Prime Minister Mostafa Madbouly recently stated, Egypt is prepared to offer its expertise to any African state. Cote d’Ivoire is the new setting for the implementation of this Egyptian commitment.
According to Toure Gaoussou, the Cote d’Ivoire’s Minister Governor of Denguélé District, and Hassan Abdel-Aziz, the Chairman of the African Federation for Construction Contractors’ Association, three Egyptian delegations are currently working in Cote d’Ivoire with the goal of examining investment opportunities in the fields of construction, infrastructure, and food security (AFCCA).
To discuss plans to build 20,000 middle- and low-income housing units to address the deficit problem in the capital, a delegation made up of representatives from Egypt’s most renowned construction companies is scheduled to travel to the Ivorian capital of Abidjan this week, Abdel-Aziz told Ahram Online on the fringes of the 7th edition of the Builders of Egypt Forum in Cairo.
The group, whose visit is coordinated between the Egyptian embassy in Cote d’Ivoire and the AFCCA, will also talk about a plan to build 15 skyscrapers, according to Abdel-Aziz.
Gaoussou, for his part, told Ahram Online that he admired Egypt’s massive housing projects and added that his nation urgently required the construction of 500,000 housing units per year to accommodate population growth.
Hassan Allam Holding and Al-Ahly Sabour for Real Estate Development are the businesses that have received the most nominations to take over the housing project, according to Abdel-Aziz.
According to Gaousou, who attended the event, another AFCCA team will travel to Cote d’Ivoire the following week to discuss constructing an 86-kilometer road in the Denguélé district’s northwest.
The northern and northwestern parts of Cote d’Ivoire have higher poverty rates (above 60 percent), per the World Bank Economic Outlook for 2019, than coastal areas and the southwestern region (under 40 percent).
The trip leaving Egypt the next week will be the third, according to Gaoussou, who noted that an earlier delegation with a focus on agriculture had been to Cote d’Ivoire “to impart Egypt’s experience in modern agriculture and the implantation of rice.”
According to the minister, the government, which currently imports rice for 800 million CFA francs ($1.2 million) a year, will benefit greatly from such cooperation.
Madbouly stated that all Egyptian engineering consultant offices and construction businesses are prepared to complete any project in an Arab or African country to the highest possible standards and within the allotted time frames during the opening of the Builders of Egypt Forum on Monday.
The annual Builders of Egypt Forum, which brings together Egyptian, Arab, and African ministers in the fields of housing, investment, and services, is the biggest event of its type in the nation for the construction industry. Several foreign embassies as well as the leaders of pertinent federations and business organizations were also present.
The Egyptian Excellent Communications firm, a United Media Services subsidiary, and the Egyptian African Arab Co. for Development (EGAAD), in collaboration with the AFCCA, organized the forum’s 2022 edition.
By completing large-scale initiatives that address the needs of Africans, Egypt has been extending its influence throughout the continent.
President El-Sisi stated in January that Egypt is prepared to impart its knowledge to African nations in order to assist them and inspire others to support them. The president declared, “It is our obligation to them and this is seen as a human right.”
El-Sisi referred to Africa Day 2022 as “a tremendous historical moment that started a new era in promoting solidarity and cooperation amongst the countries of our continent” in a speech he gave on the occasion of the event in late May.
Tanzania is one of the nations in Africa where Egypt has been striving to carry out the objectives of industrial and development projects.
According to Frederick Seidu, chief of research at the African Export-Import Bank (Afreximbank), the Egyptian company Elsewedy Electric has been spending close to $400 million creating the Egyptian Industrial City (EIC) in Tanzania, which has been named the greatest project in Africa..
The EIC is the first fully integrated industrial city in Tanzania intended to become a centre for economic growth in Africa, according to Elsewedy, who inaugurated the first phase of the industrial complex in December in the presence of Tanzanian President Samia Hassan.
Built on 2.2 million square meters, the industrial park will accommodate labour-intensive industries from pharmaceuticals, automotives, to textiles and agro-industries with the aim of attracting over $400 million worth of investments from 4,100 investors across the region, which would create more than 25,000 jobs, according to Elsewedy’s website.
The industrial city is strategically located with access and proximity to the commercial capital Dar Es Salam, Julius Nyerere International Airport, Kamata Train Station, and Tanzania International Container Terminal as well as Elsewedy manufacturing plants.
The complex will also produce the solutions and equipment necessary for the 2025 Industrialisation Strategy of Tanzania and will create more than 500 jobs for talented youths and technical engineers in the first phase alone.
The Julius Nyerere Hydroelectric Power Project (JNHPP) is being built somewhere in Tanzania by Elsewedy Electric and the Arab Contractors Company since 2019.
The 2,115 MW hydropower project built on the Rufiji River was inspected last week by Egypt’s Minister of Housing Assem El-Gazzar, who noted that “the project has reached advanced levels.”
The $2.9 billion JNHPP has been under construction since 2019 and is anticipated to be finished by the end of the year, when it would supply more than 60 million Tanzanians with clean power and regulate water flow during flooding.