Dr. Bilal Shaib, a specialist in economics, accentuated the consequence of transportation and infrastructure ventures in mobilizing economic growth in Egypt, telling that “It must be noted that Egypt’s efforts in the transport and communications sector form a fundamental pillar for national economic growth, as these projects significantly contribute to attracting investments and creating an environment conducive to the private sector.”
Over 10 trillion Egyptian pounds have been set by the government for infrastructure betterment and expansion, counting transportation, which is a major part of this sector. Dr. Shaib elaborated via phone call interview with Extra News channel, “Since 2013, the country has implemented a defined timeline to achieve significant progress in road and transportation projects, which has had a profound impact on attracting foreign direct investments.”
He highlighted that development of roads and transportation have extended to Upper Egypt and Sinai from Cairo and other major cities, improving quality of life there too. He added that upwards of 6,600 km of roads were build in these areas, adding to equitable resource allocation and boosting local progress.
Transport sector infrastructure
Dr. Shaib brought to light that railways are also included under transport infrastructure, citing the railway project connecting Al-Arish and Taba, which is said to effect greater maneuverability between the Red and Mediterranean seas, consequently fortifying the country’s economy and increasing security in Sinai. He adds that this endeavor reinforces connection between various Egyptian regions, forming a strong base for exhaustive development.
With regard to investment expansions in Sinai and the Canal cities, he affirmed significant increases in those areas, rising to 60 billion pounds in the most recent budget from 5.9 billion in 2013, demonstrating the nation’s adherence to equitable resource allocation and development of these areas to capitalize on their tourism, industry, and mineral resource potentials.
