The Council of Ministers approved during Government meeting Al-Weekly, today, approved a draft decision of the President of the Republic regarding the allocation of a number of areas privately owned by the state, in the Rabaa and Bir al-Abd regions of the North Sinai Governorate, for the benefit of Egypt’s Future Agency for Sustainable Development, for use in reclamation and agricultural activities, and includes 7 plots of land with a total area of 87.4 thousand acres. And 5 plots of land with a total area of 21.2 thousand acres, and two plots of land with a total area of 47.4 thousand acres.
Details of today’s Cabinet meeting
The meeting witnessed the approval of a draft decision of the Council of Ministers to allocate a plot of state-owned land with an area of 600 square meters inside Al-Zamam and within the urban space, within plot No. 25 in Al-Qurai’i Basin, number 6, in the Mansoura Center in Dakahlia Governorate, to establish an electricity distributor (distribution panel) on it for free, for the benefit of a company. North Delta Electricity Distribution.
The Council of Ministers approved the decisions and recommendations issued by the two meetings of the Ministerial Engineering Committee regarding granting companies or increasing support orders to complete the work in order to benefit from the investments that were spent. These were the committee held on November 18, 2024 for 55 projects, pertaining to the Ministries of Transport, Housing, Utilities and Urban Communities, and the committee held dated December 3, 2024 for 8 projects, belonging to the Ministry of Housing, Utilities and Urban Communities.
The Council of Ministers also approved the minutes of the Supreme Compensation Committee, No. 73, 74, and 75, dated November 13, 19, and 27, 2024, and they include the values of the compensation percentages due to contractors, which were calculated by each of the entities subject to the provisions of Law No. 84 of 2017 regarding compensation in contracting contracts, supplies, and public services. Amended by Law No. 173 of 2022.
The Council of Ministers agreed to consider the Obelisk Solar Energy Company LLC project in the internal investment system, in accordance with the provisions of the Investment Law promulgated by Law No. 72 of 2017, as a strategic project, in accordance with the text of Article 20 of this law and Article 41 of its executive regulations, in order to obtain One approval “Golden License”.
The project aims to establish a station to produce electricity from solar energy with a capacity of 1,000 megawatts, to be sold to the Egyptian Electricity Transmission Company, and equipped with an energy storage battery system with a capacity of 200 megawatts/hour, on a plot of land with an area of 16.3 km2, in the Naga Hammadi area in Qena Governorate, with a usufruct system.
The investment cost of the project amounts to approximately $600 million, and the commercial operation of the first phase with a capacity of 500 megawatts is scheduled for February 2026, followed by commercial operation for the second phase with a capacity of 500 megawatts in August 2026. The project provides job opportunities for 100 engineers, technicians, and permanent workers, and 5,000 job opportunities. During the construction and testing of the project, the project also seeks to take into account the environmental dimension, achieve sustainability of natural resources, reduce thermal and gas emissions, and improve the climate.
The Council of Ministers agreed to consider the project of Future Vert Fertilizers and Chemicals Manufacturing LLC as a strategic project, and granted it a single approval, the “golden licence.”
The company’s project aims to establish and operate a factory for the production of potassium fertilizers, the manufacture of phosphate fertilizers, the manufacture of inorganic acids, and the manufacture of compound fertilizers, in the special economic zone in the northwestern Gulf of Suez, on an area of about 127 thousand square meters, at an investment cost of about 40 million dollars, so that The first phase will begin operating in January 2026, and the project will directly provide employment for 300 workers.
The company’s project also aims to export at least 70% of production to global markets, and seeks to reduce environmental impacts, reduce thermal and gas emissions, and improve the climate, by recycling manufacturing by-products and using them in the production process, and reducing the use of fossil fuels through energy generation. Electricity is based on generators that rely on the heat generated by production units.
The company’s project is its second project in the Special Economic Zone in the northwest Gulf of Suez, which is being built on an area of 37 thousand square meters, and actual production began in 2018. It specializes in the production of complex fertilizer, with a capacity of 50 thousand tons annually, and it has achieved an export rate of about 99% of production. With a value exceeding $20 million in 2023.
The Council of Ministers reviewed the proposed regulations and rules governing the implementation of projects to produce green hydrogen and its derivatives through renewable energy stations and connecting them to the electrical grid to feed existing industrial facilities that are actually fed from the national electrical grid.
While the Council of Ministers approved a draft decision of the President of the Republic, allocating an area of 1,119.5 acres of privately owned state-owned land in the Wadi al-Natroun district, Beheira Governorate, for the benefit of the General Authority for Reconstruction and Agricultural Development Projects for use in poultry production activities.
The Council of Ministers approved the signing of a power purchase agreement for a 900 megawatt wind energy project between the Egyptian Electricity Transmission Company and SCATEC (ASA).
He also agreed to allocate plots of land necessary to generate electrical energy from wind energy in the northern Gulf of Suez, and from solar energy in West Nile, to the Damietta Green Ammonia Company, within the framework of implementing the Damietta Ammonia Company project.
The Council of Ministers approved the minutes of the meeting of the Board of Directors of the Export Development Fund No. (32), and also reviewed the most important features of the new program to reduce export burdens.
